Nexus Phablet?

After all this success of the Nexus line and, more recently, Samsung's Note line... wouldn't it be the perfect storm for a Nexus line of Phablets?

I know there's the Motorola/Google X-phone rumour but it'd be great if Google jumped on the Phablet bandwagon.. they'd probably have to partner with Samsung on that one since Samsung seems to know, and have success, building phablets.

Just a thought... discuss