I don't plan on getting an Android phone or anything but it definitely is a tough choice to choose between the Incredible and Nexus. But personally, I'd choose the Nexus if I was anyone choosing...
It does just about everything better except for the touchscreen. It looks better, instant updates, better camera, more flexible as of now, and whatever else.
The Incredible in my opinion could have been so much better if it weren't for the casing it has. I got my hands on one at Best Buy and it felt so damn cheap compared to my Nexus that just because of that it was unbearable to hold.