If they weren't so expensive, I'd rather have the much smaller iPhone 5S than a Nexus 5, but the price is so cheap I can't really justify going with Apple.
There was a time when I was on-board with the large-screen phone trend, but now that I have a tablet that I take pretty much everywhere, I don't really need a gigantic smartphone in addition to it.
With many tech products, I find myself lusting after stuff I really don't need, but with phones these days, it's more like "OMG! That looks so cool! I gotta ... oh wait it's the size of a kitchen table."
What I'm going to do when my current phone dies, though, I dunno... TT
In the end, it saved me about a hundred bucks!
Unfortunately it bricked and I fell back to my spare Nokia N95 which is taped together. Having a taped-together phone (with water damage which affects call quality) isn't really where I want to be but I refuse to purchase any of these huge new phones. I just want something that fits in my pocket, has a >= x800 resolution and can act as a wifi hotspot. My tablet can take care of the rest.
Nexus 4: 68.7 x 133.9 x 9.1mm [2]
It's wider, taller but half a mm thinner.
[1] http://www.google.com.au/nexus/5/ [2] http://www.google.com.au/nexus/4/