Can we expect to see the X-phone announced at Google I/O?

I'm a verizon customer who recently found out I have an upgrade available to me. I've been doing some looking around and am leaning toward the DNA or the Razr HD/Maxx. However, all these X-phone rumors make it sound like its release could be imminent. Is it reasonable to wait until Google I/O to use my upgrade or should I just go ahead and upgrade?

Edit: Rumors seem to indicate that if released, it will be sold online only, like the nexus 4. The only problem with that is that it could mean that the X-phone is incompatible with verizon networks. Do you think the X-phone will even support verizon in the first place?