Is This The Nexus Two?

What have we here? Over the weekend, these pretty little photos of what could be the Nexus Two made the rounds. Speculation is that what's now known as the Motorola Shadow is set to be Google's next flagship device. The slick-looking update to the Droid does look very promising if it's going to hit Verizon, but the same problem exists as with the Nexus One.

Is Google cannibalizing their own market share here? I know that as a Droid owner, I'd be very happy to have this pretty little baby if it hits Verizon. But as of right now, I'd have to pay full price for it. Do you have a Droid how would you feel if this hit Verizon as the Droid 2/Nexus Two only 2 months after the Droid hit the streets?