It is a bummer but it was to be expected. Google has been putting out a Nexus phone once a year in the fall for the past several years. This is what I was expecting for the Nexus 5. Google will be revamping the Nexus 4. It will still be manufactured by LG. It should have 32GB on board and should release with the next version of Android 5.0. Who knows we may get lucky and see an LTE variant for Sprint and Verizon.
If an LTE version is coming are you skipping the Galaxy S4 for an LTE Nexus 4?