Well the rumors proved true even in regards to the name of the new Google Phone – The Nexus One. Google fans are overwhelmingly excited about the Nexus one but even more excited about what the Google Store means for the new and refurbished cell phone industry.

The Nexus One is running the newest Android 2.1 software and comes with all of the awesome, pre-loaded apps like: Search, Maps, Gmail, YouTube and Google Talk, and additional goodies like Maps Navigation and Google Voice. Its processor is insanely fast, it’s got a five-megapixel camera, and it shoots video as well. The Nexus one also has a really cool new feature, which is a voice-enabled keyboard for any text field. This means you don’t have to type at all anymore. Searching for a YouTube video? Just tell your phone what video you are looking for, and the Nexus One will type the search for you. It works the same for composing texts and emails. You can find more specs for the Nexus One here.

The craziest part of the Nexus One announcement is that it’s for sale at Google’s new web store as unlocked. For the first time ever in the US, you can purchase an unlocked phone from the manufacturer’s website and then pick the phone plan you want from any of the carriers that support the phone. Google’s store could seriously shake the pillars of what is the current mobile phone market in the US. It will be interesting to see how long companies like AT&T play along.