The Google Pixel laptop was there to further Google's own thing, not compete with the MacBook. The laptop has better hardware than the Apple or PC offerings - a 3:2 touchscreen in super-hi-res, amazing speakers under the keyboard, the nicest feeling keyboard ever, the finest of trackpads and a gorgeous aluminium case that just feels nice to touch. For what it does - surf the internet - nothing connects to wifi so easily and scrolling big pages is a very speedy thing. Yet you cannot run Word or Photoshop so it is generally reviewed as a crazy, expensive machine.
So I see some of this design philosophy in this phone. The AMOLED screen and the exceptional camera are features I would expect from a Pixel gadget, not a Nexus gadget.
Is the Pixel phone really just an over-priced Nexus phone? Not at all, it is about raising the bar as to what is possible. The VR hardware needs this phone.
Despite today's hype this will not sell in iPhone quantities, even with Verizon as a carrier. It is too expensive for that.
When you look at how much you do get for GBP 300 from Motorola and whomever else I would say that the Nexus idea has worked, there are plenty of phones out there that are excellent value for money even if not with all the latest flagship features.