Likely, but the processor they choose to partner up with won't make it drastically cheaper, or weaker. Google does promise 2 years support on all Nexus devices from their respective launch.

I already have a 16G version but if this were true I would buy 2 more.

One to mount in the car and one to use as a media hub in my bar.

If this is true, I'm curious to see to what extent will they cut back on to be able to sell at $99 and see some, if any profit. A slightly cheaper processor, and a cheaper screen doesn't look like it will be able to do the trick.

Perhaps we'll see a custom Android for it, more like the new Kindle; full of ads.

Imo, Google just needs to phase out the 8gb, make the 16gb $199, and release a Nexus 9 or Nexus 10 that's fully suited with all inputs and features for $399 tops.

uh-oh, more competition for the 3DS and poor ol' Vita!!!

just echoing what analyst are gonna say...dedicated handheld game systems are doooooooomeeed I tellll yahhh. lol

seriously good news probably get one for my son if he wants one.

That's really not very impressive. People howled because apple supported the original iPad for "only" 2 1/2 years. 

Promise = Guarantee =/= "Only"

GPU harware limitations is the culprit to why specific models or even whole lineups of devices, in Androids case, stop getting future OS updates. iOS tends to add features which result in "bloat", with the exception of iOS 6, rather than optimization. Hence, they cant support previous models without causing serious interface issues. Android, starting with 4.0 (ICS), has started to rely more on GPU than CPU. For an example, the Nexus S was released in 2010 with an 1Ghz single core ARM Cortex A8 CPU, but with a PowerVR SGX540, which has been clutch for the device; hence it's been running on JellyBean for a few months. JellyBean (4.1) isn't even available to most flagship phones of other manufacturers, Samsung included. And this is only part of the big picture.

And this is only for Nexus phones, which are Googles own. Other examples hold worse. In this day and age, if a phone with relative, and appearantly, socially outdated specs is supported for at least 2 full years, then that is impressive. Let's not forget that a lot of people tend to upgrade their iPhones every year or two, so most who get left out wouldn't be a majority, imo. Bottomline, manufacturers should be building phones with adequate hardware to give access to long term support. However, looking at it as a corpoartion, it wouldn't be smart thing to do.

They've got Nexus 7s now?? Aww shit... somebody better call Decker... we really need the ol' Blade Runner back!