why wouldnt they just release a 64GB or expandable storage? if the idea is to sell as many products as possible surely it is a no brainer?
If the Nexus4 had come with an microsd slot it would have rendered every other phone pretty much obsolete for the majority of people.
Plus the other phone manufacturers would have been slightly irked at Google too.
Google will no doubt release a 32gb version in 6months time, just like they did with the Nexus7, so buying a 16gb one now & selling later might not be a bad option.
Just need to see how the camera & audio quality are in the reviews next.