It's quite sad to see this. How many people here are using the Galaxy Nexus? Google just pushed the 4.1 update and it is simply an awesome device and os. It definitely serves a more technical audience than the iPhone, but the power and customizability is amazing. I like the iPhone, but I just prefer the flexibility of the Nexus and the fact that no contract is required. The direct from Google model and Android's open philosophy simply works better for me. Choice is a good thing, the last time I checked.
Besides the nice hardware on the Nexus (although not quite as powerful as the Galaxy S III), you get almost instant OS updates. Other devices have to wait a few months (if they ever get the updates) since the carriers control the updates and have custom themes on top of Android.
I don't really care about "powerful" hardware, but I have heard bad things about the GPS and camera in the Nexus, which, combined, are about 80% of the reason I use a smart phone. I'm going to give the GS3 a shot and just hope that the wonderful folks at Cyanogen will work their magic.
