We've been hearing more and more about Google wanting a new Nexus smartphone, and it looks as though LG will be the one making it. CNET are reporting this time that the new Nexus phone will indeed be released by LG, and that it'll be announced by the end of this month.
The new LG Nexus smartphone will run with some of the same innards of LG's recently-launched Optimus G smartphone, but modified to comply with the Nexus program. CNET reports that there's no name for it, but we did hear a few hours ago that it'll be known as the Optimus G Nexus. I would prefer 'Optimus Nexus'.
We should expect LG's Nexus smartphone to sport Qualcomm's Snapdragon quad-core processor, 2GB of RAM, a 1280x720 True-HD IPS display, an 8-megapixel rear-snapper, a non-removeable (boo!) battery, and a choice between 8GB and 16GB of on-board storage, with no expandable microSD options (boo!).