These are the kind of stories I know we all love as a new report says we can expect a new Nexus device announcement at the end of the month. Rumors have been heating up in the past few days that the above pictured device, the LG Optimus G will serve as the inspiration for the upcoming Nexus announcement. As it stands now, the reports says Google and LG have not yet finalized a name for the new device.

If there is a device that could really give LG’s reputation a much-needed jolt, it’s a Nexus device. With the latest of Android on display, in this case Android 4.2, Nexus devices are at the forefront of the modding community which is among the most vocal and influential of Android supporters.

The phone itself is expected to sport Qualcomm’s Snapdragon quad-core processor, 2GB of RAM, 1280 x 768 True-High Definition IPS display, 8 megapixel camera and a nonremoveable battery. Further reports show the device will not have a MicroSD slot and will only have between 8 and 16GB of internal storage, according to Modaco. 

Still, there is still talk of multiple manufacturers joining in on the Nexus fun with multiple announcements expected this year, so LG might not get all the glory. It’s clear that other companies would love to get in on the Nexus fun, as Samsung seems to be the only Android manufacturer seeing continued success with its product lineup.

Google itself has shown more willingness to work with partners on the Nexus program as it believes it can rally the troops to show off the very best of the Android platform:

“We challenge all our partners that want to work with us on a Nexus product to push the envelope,” Patrick Brady, director of Android Partner Engineering for Google, said in a Q&A with CNET.

Who is ready for a new Nexus announcement?

CNET, Modaco