It is indeed, it has been a long time since a new Android device has generate so much interest that the arrival of a "new" iPhone is being virtually ignored by the independent industry-specific media and discussions pertaining to it are mostly restricted to Apple forums while the public raves over the "unbelievable value" offered by what is actually a 'superphone' being sold for the price of an entry-level luxury smartphone. To add insult to injury, Apple also has to deal with the unexpected resurrection of RIM... sorry, BlackBerry.
On the technical side of things the Nexus 4 delivers and then some, it is the most powerful phone I have ever owned. Responsiveness and graphic quality is among the top performers and at last(!) a phone where the on-screen keys are large enough for the average adult male finger size to be able to use more than just their pinkie or a plastic toothpick to type. As for looks, if there was a Miss Phone pageant it would probably win it or at least be among the top 3.
BUT as an unacceptably high number of proud possessors of a new N4 have discovered, often after less than a month of ownership, this phone has obvious major design flaws which, combined together, constitute a recipe for disaster. The Gorilla Glass 2 used to cover the input screen is too brittle for use on a portable device and, as if to ensure that the odds of a fatal mishap remain high above average, the back plate also made of the same material as the front, is the most slippery I have ever seen on a portable phone. Not only is the screen glass so brittle as to make the owner nervous at the sight of buzzing flies wondering how many of them landing on the screen it would to crack it, but this phone will slide off of any almost surface to certain doom, I wouldn't be surprised to hear that some people even dare break wind near it.
The other, less obvious, flaw is the integrated design of the screen. Unlike most other smartphones it doesn't matter that only the glass gets cracked and the actual screen appears intact albeit unresponsive, the whole apparatus including the front casing has to be replaced at owner's expense and it's not cheap. It's not a coincidence that most cell repair shops now feature prominent displays of cracked N4's, the business is obviously booming.