Bundled within the handset will be a 4G LTE radio and 1GB of RAM. A 1MP front-facing camera will compliment a 5MP rear camera with an advanced sensor that will more than make up for the seemingly low (for a high-end smartphone) resolution. The whole thing will run on Android 4.0 (Ice Cream Sandwich), which eliminates the need for physical or capacitive buttons anywhere on the device.
While these specs sound quite amazing, we caution to take this all as rumor for now. The Nexus 4G name seems odd considering it could easily be confused with the already released Nexus S 4G though BGR does say this name isn’t necessarily final. They also state the handset may simply be a flagship phone being designed closely with Google for the launch of Ice Cream Sandwich and not the next Nexus at all. It could even launch as a flagship 4G LTE device for AT&T’s network. It sounds like some elements — namely the processor — are still up in the air, but we’ll take any configuration of the above specs, Nexus name or not.
source: Android Phone