Though I still can not figure out where they are fitting a microsd and sim slot (if specs correct), I would pick this over the Nexus due to the microsd. If it has one of course. If not, I will do as planned: Wait for the 28nm chipset LTE device next year. I also have not been sold on ICS, due to the nav bar (if fixed or not). Still an issue of semantics and debate on how that is handled.
My Droid 3 is a nice fall back phone