It was already rumored that Google's next major version of Android, Ice Cream Sandwich (Android 4.0?), would launch in October, so the launch of what should be the first device to carry it, also in October, makes a lot of sense.
The report from the Korean-language Electronic Times states that, as expected, the Nexus Prime will sport a 4.5 inch Super AMOLED HD screen which features 1280 x 720 pixels with Pentile technology. That would exceed the iPhone 4's so-called "retina display."
Additionally, the Nexus Prime will sport a 1.5GHz dual-core CPU. It's believed the SoC will be a Texas Instruments OMAP4460 chipset. There are rumors that, unlike the Nexus One and Nexus S, the Nexus Prime will launch on all four major U.S. carriers at once.
Ice Cream Sandwich is supposed to unify the Android user experience across both tablets and smartphones.