I can understand the sale of Motorola to Lenovo since Google really isn't a hardware company and for the fact that Motorola was having trouble making a profit. It was a good move really for Google, business wise. I think Lenovo has the structure and patience to really get Motorola turned around and I can't wait to see what products they turn out soon.
The rumors about the Nexus line going away really caught my attention. I have owned three Nexus devices and I plan to grab another later this year and I have come to enjoy them very much. They are very affordable, they don't have any bloatware installed and they are very capable phones compared to much more expensive android phones. Again, since Google isn't a hardware company and since there are now Google Play Edition devices from Samsung, HTC, LG, and Sony, I would understand Google's decision if the rumors turn out to be true. The main downsides here would be price since many of the Google Play Edition devices are in the $500 - $600 range. I will be watching this closely and hopefully the Nexus line continues to push the envelope in terms of price and quality software that Google has provided for many more years to come.
