I agree completely. With the N4 google is finally making good on their initial mission with the Nexus line, that is, to get rid of the carrier subsidies nonsense. With a phone that is $349 off contract, this can really save people a good deal of money on phone contracts to. As for the lack of LTE, there is a good reason for that as well, as the N4 seems specifically aimed at T-mobile customers. T-mobile offers some of the best cellular deals for off contract phones, and if the other big carriers see customers flocking to T-mobile they will hopefully be pressured to lower their prices as well. I think it's great that Google is putting pressure on the carriers to get rid of the outdated on-contract model.