Nexus not dead, will continue alongside Silver

"Google's Dave Burke has confirmed that the Nexus program will continue and a new Nexus flagship running Android L can be expected to launch later this year."

Burke, in an interview with Readwrite, said, "People just get excited by concepts and forget why we do things. We are still invested in Nexus."

Source:

http://gadgets.ndtv.com/mobiles/news/google-nexus-devices-to-continue-unaffected-by-android-silver-548976?site=classic