My problem with the new nexus is that there will always be at least one spec that's cheapened down to decrease price. This time I believe it will be the cameras and most likely the quad HD screen won't be the highest quality.
My first thought was that it's way too big. I flipped from the Note 2 to the Note 3, then to a G2, then back to a Note 3 before I settled with a Moto X. There's lots of baseless rumors that are saying there will be 2 sizes but it's clear I like smaller phones now.