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As far as weakness go, I think the camera will be an issue for some. One day, in our lifetime maybe, Moto will put a really great camera in a phone. Unfortunately they just haven't done that yet. I've yet to really consider it an issue because I don't really expect a smartphone to have a camera that will blow my mind. I'm also not one to take photos and try to turn them into wall prints.
Some might say that the screen will be an issue since it isn't a true 4.7". This is mostly an issue that some have with the on screen buttons. Coming from a Nexus, as you are, it shouldn't be an issue at all.
The biggest issue that people are having is the encrypted bootloader. This is a major issue if you are big into flashing ROMs or custom kernels. While you can still flash ROMs with a locked bootloader the customization isn't the same. This is something Moto needs to change, but I don't see it really happening any time soon. If you don't care about flashing new kernels or super custom ROMs like CM10 or AOKP then this doesn't matter. If you are really into changing ROMs and tweaking your phone this might be one to avoid.
Some may have issues with the AMOLED screen being dim compared to LCD
(awaiting HTC 5") just to be sure. However, the HD is probably the one I'll get.