Google's next Nexus device, possibly called the "Nexus 4G," is going to be an absolute beast. Despite the Nexus S only being available for a few months, work is already under way on its successor, expected to be called Nexus 4G.
BGR reports that "Google Nexus 4G will feature a next-gen dual-core 1.2GHz or 1.5GHz CPU, and contrary to reports about it featuring an NVIDIA Kal-El processor. It's most likely an OMAP 4460 or a, ultra low-power 28nm Krait-based Snapdragon. The display is said to be a 720p HD "monster-sized" screen, and it won't feature physical Android menu buttons below the screen anymore - everything will be software-based."
Additionally, a 4G LTE radio, 1GB of RAM, 1080p HD video capture and playback, a 1-megapixel front-facing camera, and a 5-megapixel rear camera is expected. The 5-megapixel camera, is said to be an advanced 5-megapixel sensor delivering class-leading image quality in addition to superior low-light performance.
Probably the most exciting feature is that the Nexus 4G is expected to be the first device available with "Android 4.0 (or 'Ice Cream Sandwich'), and it'll dispense entirely with the familiar Android buttons below the screen, in favour of an exclusively screen-based interface.
BGR also claims that Google aims to have it on sale by Thanksgiving and they speculate that this may be coming to AT&T around the same time period.