I guess google is going after budget conscious. No LTE is ridiculous and their excuse that they don't want carrier interference is lame. Does Apple have to deal with carriers interfering with deploying LTE? Please, the real reason why they don't support LTE is the Nexus is not a big seller. So it makes little sense to create multiple sku's. Gotta love that Google spin.
I'm guessing its more like battery and target-cost limitations edit: and the carrier thing as discussed in The Verge
Painting this is something else is just inaccurate.