So, Nexus Two turns out to be real, Gizmodo managed to get a hands-on demo of the device, but as they claim, the device is looks like Galaxy S.
The Nexus S comes with a front-facing camera, which would make sense, as Google is trying to make video-chatting an integrated feature in Android going forward, likely through the pre-installed Google Talk app.
The Nexus S appears to have same 4" Super AMOLED display as Galaxy S line, but the front of the device is "sort of concave," lined with hard edges. The back of the phone is said to be slightly curved, which'll likely make the phone a bit thinner.
It's assumed that Android 3.0 Gingerbread will power this phone
Amongst all the rumors, sources say that Google and Samsung plan to officially unveil the new device on November 8.