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Given the manufacturing partner is Samsung the "S" may be related to their Galaxy S line.

I think the "S" stands for Samsung.

The phone is part of the Samsung Galaxy S range of phones which is where the S comes from.

Don't worry, I don't think they are trying to rip the iPhone branding off.

http://www.google.com/phone/detail/nexus-s

512MB ram, 16GB internal storage

Ah, thanks. I was on the phone's homepage and it wasn't listed.

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The lack of a physical keyboard rules it out for me

I used to have the same opinion.

Until I found Swype keyboard. Since I tried it, I had no problem switching to non-qwerty phone. Give it a try.

Can you walk down the street while typing a SMS message or entering a street address without looking at the phone? That's pretty much my "is a soft keyboard good enough" test.

Actually, with swype, yes I can. (I have to look at the beginning of input, but I do that on my 8800 too). Vastly better than a regular soft keyboard.

"Audio / headphone jack 3.5mm"

I thought the same, but they updated it

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