There are some questions regarding the processor considering that ARM 11 processors aren't really new - they have been used mostly in older smartponhes like the HTC G1 itself, the first Android handset. If this is indeed the next Nexus phone, it would be a shame if it doesn't have the latest silicon. However, this might be some new type of ARM 11 as well, or just an old and dated entry, so we'll just have to for this one and see.
Nexus S name for the second Nexus branded handset instead of calling it the Samsung Nexus 2, Back then, Sammy's decision had to do with HTC producing the initial Nexus One handset and the "S" allegedly stood for "second to none".
Could the Korean manufacturer still be wary about using the number two on a Samsung branded Nexus phone? Could they still be worried that much about appearing to play second fiddle to the Taiwan based OEM? That would be hard to fathom considering Samsung's strong success and HTC's current struggles. Alas, these are questions best left unanswered until we learn more about the GT-i9260.