I resisted making this thread because it's not directly about the nexus 4 but if the mods allow it I would just say that I trust Google to do what's right in the long run.
To be honest I don't see how everyone else can compete though. If I was LG, Samsung, HTC, or any other OEM I would seriously be worried about Google becoming the next Apple.
They already have Software supremacy but what if you throw in hardware too? I don't think 90's Microsoft would even begin to describe that...