I know the nexus one is almost 2 years old but I want to give it some credit. It is still a great phone. I use it every day, loving it. A bit of background history, I came from a European HTC Wildfire which was, kindly said, not that great. I spotted a 1 year old Europian Nexus One on ebay and bought it immediately. I have been using it for about 4 month now and it's great.

Pro
- Design is absolutely great. The best phone HTC made until today (my opinion).
- Performance doing day to day tasks is still good.
- Software is directly from Google, no crap-ware and clean Google experience.
- Google ecosystem is great on an Android device.
- When rooted tons of roms to choice from.

Cons
- I have some issues with the screen of my Nexus One. The digitizer of the screen is not that good. It sometimes register a touch input several centimeters from where I actually touch. When I lock and unlock the phone the problem is gone. It's a common problem with this phone. Some phones have it more then others.
- NO update to ICS, but custom roms can do the job.
- The camera does the job but it's not that great.
- Limited amount of storage for apps.