Not at all. All four of those claims are true. Rezound also has 1.5GHz CPU compared to Nexus' 1.2GHz.
(Yes I know that the two phones have near-identical CPU performance, and that while Rezound appears to take better pictures in many comparisons, megapixels mean nothing.)
Rezound has 16GB+16GB, where the microSD can be replaced with a 32GB or possibly 64GB. The only place where Nexus has a clear hardware win is the NFC, which I don't anticipate wanting anytime soon.
Mainly I'm just yanking some chains here. I don't find Nexus' hardware as impressive as Rezound's, but ICS is something I'll miss. Both phones are awful nice (but no comment on RAZR).
"True" is debatable.
PenTile becomes meaningless on resolutions this high. Most reviews I've read from everyone say it is the most beautiful screen around, yes including the ReZound. When it comes down to it, it's more of a personal choice thing, and you are free to like something better than something else, but your insinuations aren't "true" for everyone.
And I've said it 100 times, so I may as well make it 101. The OMAP4460 is a better processor than the S3. Forget about the clock speed. That is only one factor out of many. OMAP has newer architecture and a dedicated HD decoder. The Snapdragon's have honestly fallen behind the Exynos and OMAP lines. Basically what I'm saying is, numbers don't mean as much as you are making them out to be, which leads me to...
Camera. It's fine. It won't replace a dedicated point and shoot. No mobile phone camera will. The ONLY way 5 mp vs 8 mp makes any difference is if you are making posters. Which I'm assuming you are not, considering you would not in good conscience use any cell phone camera to capture things you want to make into huge posters. Again, numbers. You tout the 5 mp as a downfall of the device, when it is not. It's not the BEST camera out there on a mobile device, but it matches up nicely with any other 8 mp out there. Yes including the 4S.
And as far as microSD storage. You list it solely as a negative, but having one dedicated storage on one dedicated partition has huge advantages in terms of access and read/write speeds, as well as reliability of data. SD storage is slow compared to onboard storage. You ever try playing a high bit rate 720p movie off of a Class 2-4 card? The experience is awful. Want a fast Class 10 or higher 32 GB card? Get ready to shell out a lot of money. And anyway, the max amount of storage you can get out of the RAZR and ReZound with a removable SD is only 16 GB more than the GNex. With everything being on the cloud these days, that difference is nul.
I'm not saying the GNex is perfect, no device is. But your list of negatives is primarily based on playing the numbers game. There are other factors to consider here, which your list doesn't. Just pointing that out to be fair.