I've been thinking about this a lot today, and tonight I feel like I've had a change of heart.
When the D4 first leaked, I was ecstatic. No other device was even on my radar. Coming from the OG Droid, I knew that the D4, with its 4G and awesome keyboard and dual core processor, would basically be a more awesome version of the phone I currently own and have been so happy with.
But after reading the Motorola blog post, I was turned off. On some level I already knew this, but it hit me that the Motorola of today is not the Motorola of two years ago that produced a true, vanilla Android device. I don't consider myself a slave to consumerism, and I don't feel the need to own the newest device on the day it's released (I am still using an OG Droid, after all) but 6 months is a long time in the world of consumer technology, and if I'm spending $300 on a new device, receiving major software updates 6 months late and riddled with bloatware is unacceptable.
I've had a Droid for two years, and I had a RAZR for many years before that...but the direction Motorola is taking is not one I feel I can, or should, support. I hope that with the Google merger, Motorola will start making Google Experience Devices again...but until then, I think buying a Motorola Android product is a bad decision.
So...my thoughts are turning towards the Galaxy Nexus. The plastic and absence of a physical keyboard will take some getting used to, but I think it's a better decision at this point.