Nexus 7 or wait out for the Note II and other tablets.

Might be a dumb question, but do you think the Note II is a good alternative to having a separate tablet and phone? I've played around with the Nexus 7 and I thought it was spectacular. I'm ditching my iPhone for an android sometime this fall/winter so I'm not sure whether I should go Nexus 7/ whatever the new Nexus phone is or just the Note II. Are there any other Google tablets to wait around for?