I also decided to pass on the Nexus 5 and went with the Note 3. I made the mistake last year in giving up my Note 2 to get the Nexus 4. Not saying that the Nexus 4 was a disappointment or that the N5 will be. But I do remember regretting get that I gave up the Note 2 because it was a better phone. It had a larger screen, bigger battery, more accessories available, LTE, micro SD card slot, better processor, better camera, and of course, the S-pen. This year, I see that there are many of the same differences with the exception of the processor and and LTE. I know that price factors in. If you are looking at getting an inexpensive smartphone, the Nexus is the best of the bunch. But the Note 3 is simply better in my opinion.
Scribbled on my Note 3.