So the Nexus Line Lives on?

Before IO there was much talk about Android Silver and that Nexus 5 will be the last phone of its kind. Then IO happen and we learn about Android One program which is a initiative to get some consistency and standards especially with the hardware, software and updates across the industry.

The Moto X, G, E series are good prototypes of this Android One Project but I still like my Nexus despite the lack of exclusive OEM features ie Touchless Control and Active Notifications, etc.

So will the Nexus phone line continue to exist?