If you've been following my experiences with the Galaxy Nexus, you'll know that this phone has seriously impressed me over the last 12 months. It's got a great screen, massive memory and enough processing power for all the latest applications.
The Gnex does have its short-comings. The camera is a bit noisy in darker conditions. The battery life isn't great, and I'd like to have seen a micro-SD slot too, but overall I'd still recommend it.
In fact, and I might change my mind about this, but I'm pretty sure that in 12 months when my contract runs out I'll be hanging onto the Galaxy Nexus and switching to a cheaper Data / Voice / Messages plan.