Samsung Galaxy Nexus (32GB, Verizon Wireless)

Pros: * Sleek design, especially edge-to-edge screen
* 4G radio is faster than Motorola's IMO
* First native ICS phone (if this is a selling point for you)
* Google Wallet hack works 100% (but is known to damage your phone after too many installs)

Cons: Trouble, trouble, trouble - see comments

Summary: CONS:
* Super AMOLED screen has banding and pixel issues (looks grainy, like a sheet of construction paper)
* Battery life utterly abysmal even with extended battery (about 10 hours WiFi only, 4-8 hours 4G on, 2 hours of Netflix)
* Mobile connection drops constantly, both phone + data (a radio HW issue that has so far not been fixed)
* Signal strength can be lower than other phones at times (compared to HTC Rezound, Droid Incredible, LG Ally, and a flip phone)
* Camera rarely takes crisp pictures, even in bright light (camera driver/HW issue) and 5 MP is lower than most phones
* Overheating issues (still feels warm even in my pocket after a full wipe)
* ICS compatibility issues with many apps in the Market

If you're looking for a phone that looks sleek that you can develop on and don't mind carrying around IMHO a phone that operates and behaves like test hardware, then go ahead and buy it. But, if you're coming from anything but another Nexus phone I'd highly recommend against getting it. Despite the long delays getting the phone out, the actual hardware and software development feels rushed on this phone, and Samsung cut a lot of corners to produce it at the lowest price (as people have mentioned in a lot of articles.)

I tried an HTC Rezound and Droid RAZR before getting this phone the day it was released. After a month I traded it in for a Rezound because of the issues I had that turned my phone into a constant hassle I was always worrying about (including the fact that I had trouble receiving calls even in areas with 4 bars of service)

Updated on Jan 11, 2012

More problems:
* NO USB mass storage (transferring files, even in Windows, is a pain since it crashes often)
* NO SD card support
* $299 price tag makes it one of Verizon's most expensive phones

Updated on Jan 11, 2012

* If you used to hold down the search button for voice commands, say goodbye to that on the Galaxy Nexus. Plus, tapping on the microphone icon on the main screen always takes 3-4 tries to get it working, because its much slower to start up in ICS.

* File transfers are 3-4x slower than what I'm used to