A lot of thinking to do in these next couple days. I really like the Nexus. It's going to be a great phone. I find myself being impressed but unimpressed all at the same time.
Impressed with 4.0 and the phones capabilities/openess but VERY unimpressed with it's specs and aesthetics. 2 years is quite a long time and while 4.0 is the major draw here for me I know there is some better hardware/4.0 handsets right around the corner.
I'd essentially just be pulling the trigger because of ICS and thats some weak sauce.
I understand that there will always be something better right around the corner. Thats the nature of the game but for me purchasing a 2 year handset is something I don't take lightly. I'm going to sit back for a bit and see how I feel about everything. I'm luckily in no rush to buy, even though I REALLY want a new device.
The hype is over and now it's time to settle in and marinate
What are you going to be doing with a phone in 18 months? From the videos of this phone the interface seems fully responsive. The rumor was the speed on LTE was 25 down/ 10 up (which is slightly faster then what I get with Comcast for home). They claim it plays 1080p videos. It has NFC, bluetooth, and wireless N in both spectrums (2.4/5 ghz).
So the question is call ability (which is a personal tolerance depending on the phone) and gaming.
Personally I don't give a crap about games on my phone. I have an Xbox360 (which needs upgrading MS, NOW!), when I'm not at home I'm driving, working, out with friends, or out with family. No time to game on my phone.
The CPU is just as powerful as anything else on the market. The GPU will be better then iPhone4 and slightly worse then the 4S/iPad2. So that only matters if you are a hardcore mobile gamer, which is an oxymoron.
So the only tangible argument I feel anyone would have is battery (legitimate, depending on user) and SD Card. If it has 32GB internally you aren't doing much worse then previous phones which had 8GB internal with a 32 GB sd card.
Playing the waiting game is generally foolish. You can end up never pulling the trigger. People were complaining about the DroidX not having a tegra2 when it shipped last year because it was so much more powerful. It is true, but the tegra2 in my Xoom is still pathetic at video decoding. They would have pushed the device back to get a slightly better CPU that has it's own problems.
The questions to ask youself are:
Does this phone meet your needs?
What doesn't this phone do?
Are your needs really needs?
Outside of a 3d screen, hand gesture detection, or some kind of holographic projector I can't really guess how a phone could be different in the next 18 months. Other then batter life that is.... but when have phones ever done better at that? We just add new battery draining things in.