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I will be sticking with my Nexus 4. I do not utilize the camera too much. KitKat will come to the Nexus 4 in time. The price is the really questionable point.

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The Nexus 5 is just about the same physical size as the Nexus 4. The bezels are much smaller to accommodate the screen.

The doubling of screen resolution is what has inspired my update, not to mention the ridiculously powerful CPU/GPU.

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