Were you disappointed with Google that they didn't annonce a new Nexus device at google I/O? I definitely was. After thinking about it for a while I have come up with an answer that makes sense. Google has really taken the console approach with its Nexus tablets and smartphones. They sell them at cost or even at a loss, then make money later when you use them, or buy games. So why would they work tirelessly to create a new tablet when their old one is still up to par, and they don't make money selling a new one to you.