I find it comical that the Android community pasted apple when they released the 4s without LTE but praise Google for releasing their 4 without LTE. Kind of a double standard I think.
I dont know if the fact that it is missing LTE is being Praised. in fact, it is one of the CONS that everyone points out. people are just saying they dont miss it much since T-Mobiles H+ network is actually pretty fast. I put my LTE Verizon signal up against my buddies h+ network, and he had the faster speeds. so i for one, dont mind the lack of LTE.
as for the other stuff OP. to each their own. as long as i have unlimited data, i am OK with only 16GB of storage. I am not a huge gamer. as long as i get can fit all my apps, and a nandroid backup, and a ROM and a Kernel flashable .zip on my phone, I am happy. i currently have a 32GB Gnex, with about 20+ GB free.
removable battery is also not a Huge deal, although I would really like one. but i am connected to a charger 90% of the time anyway.
the nicer screen, nicer camera, upgraded processor, 2GB RAM, better build quality, wireless charging along with cheaper off contract price and cheaper plans available, the Nexus 4 is a huge WIN for me. unfortunately, i am locked into my Gnex for another 7 months....and by then, hopefully the next nexus will be right around the corner.