I can confirm the next nexus is LG Optimus based. The phone looks surprisingly like the Galaxy Nexus and does not have sharp corners like the LG Optimus we already know. It has a silver’ring like the iPhone 3G around the outer edge of the screen which seemed to be similar to the Galaxy Nexus in size but was much better in brightness.
I couldn’t have said if it was larger in the few minutes that I had the phone. Also, it has Nexus written on the back like the Nexus 7 except there is a color element to it. The ‘X’ is in four colors. There was also the LG logo on the back.
Android 4.2 in its current state looked exactly like the 4.1.1 we love. There were no tabs on that build version for home-screens as you suggested from your other tipster. What I was amazed by is how fluid everything seemed to be from exiting apps, switching, etc. It seems like they’ve increased the number of transitions and their types. It still had the hodge-podge mess of multiple communication tools: Messenger, GTalk, Voice and SMS.”