The only thing mid-range about the rumors of the Incredible 4G is the screen resoluton, but that's not even that bad because AMOLED screens are pretty awesome. The S4 can keep up with the Tegra3 and works with 4G LTE.
I will be picking up a Galaxy Nexus at the end of the month. I love my Incredible and it looks like the Incredible 4G will be worth looking at, but the Nexus has so much development behind it and it has stock ICS.
Edit: Found out the Inc4G will have a qHD display, which blows.