If the past 3 years are any indication, it will absolutely be out by the end of the year. The last two years, Google has held a press conference to announce/unveil it in the end of October, then release it early to mid November. Who makes it and what it will contain as far as hardware specs go is uncertain though, only rumor.
Nexus S: December 16, 2010
Galaxy Nexus: November 17, 2011
Nexus 4: November 13, 2012
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Current Devices: Nexus 5, Asus TF700, Google Glass, (2013) LTE Nexus 7, Logitech Revue, Chromecast
Retired: Samsung Fascinate, Droid Charge, Galaxy Nexus, (2012) WiFi Nexus 7, Nexus 4