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I'm hearing the NEXUS PRIME with a 4.65 inch screen and a 1.5 gig processor is coming this 4Q, but not sure where...It should hit Verizon 1st, and possibly Sprint. Also will have Ice Cream Sandwich 4.0...
Stay tuned for this one!

Will Motorola be taking over the Nexus line next year?

What new features will the SIII have?
It will probably contain ARM's Cortex A9/A15 CPU, Quad Core upto 1.5GHz, GPU will be either PowerVR SGX543MP2 or ARM's Mali-T604 imo.
Almost certainly will have a SAMOLED HD screen, hopefully without pentile this time.
Just guesses, Samsung usually manage to be a step up when it comes to hardware specs.