It's not 'fake', it's just not a gphone. Tbh, I was never sold on the rumors to begin with. Everything said about it just made it seem like another high end android phone. Plus there was a photo where it is next to a guys macbook and you can see HTC at the top of the phone, which wouldn't be there if it was a real gphone.
Good point. Though, it does go to show the affect rumors can have. One guy says, I got a gphone, look a pic...and everyone is all over it as a real gphone. Instead of breaking it down for it most likely really is.