I figure we need a thread like this, too.
I ordered my N4 on day one, and got it in the first round of shipping. Since then I've had the following problems:
1. It won't print money. No matter how hard I yell at Google Now to create $50 bills, they never come sliding out from under the rear glass. WTF Google?!?
2. It doesn't have a 7-inch screen. How dare Google sell me a phone thats the same shape and size as a phone. PHABLETPHABETPHABLET ROBBLE ROBBLE
3. I have had to wait hours for an OTA. I ain't getting any younger, and I want updates before they go live dammit. That's why I bought a Nexus.
4. NEEDS MOAR BLOATWARE
5. It has no Memory Stick Pro DUO slot. Give the consumers what they want Google, you evil sonsofbitches.
6. My friends got a two-year contract with their new phones. All I got was a low price.
I'm sure there are many more. All in all, the above cons outweigh all the pros of this phone.