Looks like the hyped phone of the year, atleast last few weeks. The Google Phone = Nexus will be launched January 5th with Google in Conjunction with T-mobile.
The cost of the phone looks to be a surprising $200 and down to $100 with the mail in rebate.
Rumor has it that the phone will be VoIP and will only need a data plan. Which is why the other Carriers like HTC, Motorola etc aren't upset because it looks to be a completely different model. Though it looks like it will compete heavily with them.