Rumors have been swirling for the past two weeks about the next potential Nexus phone and who would be the manufacturer tasked with building the device. There are reports that multiple manufacturers are on board and that potentially multiple Nexus branded devices will hit the market. The leader in the rumor mill is LG with an Optimus G based Nexus device and today we’ve got an initial “hands on” report of just such a device.

The folks over at AndroidAndMe received a tip from a source claiming not to be a Google employee but has access to the device and says that they were handed out last week for testing.

The full report from the Tipster:

I can confirm the next nexus is LG Optimus based. The phone looks surprisingly like the Galaxy Nexus and does not have sharp corners like the LG Optimus we already know. It has a silver’ring like the iPhone 3G around the outer edge of the screen which seemed to be similar to the Galaxy Nexus in size but was much better in brightness.

I couldn’t have said if it was larger in the few minutes that I had the phone. Also, it has Nexus written on the back like the Nexus 7 except there is a color element to it. The ‘X’ is in four colors. There was also the LG logo on the back.

Android 4.2 in its current state looked exactly like the 4.1.1 we love. There were no tabs on that build version for home-screens as you suggested from your other tipster. What I was amazed by is how fluid everything seemed to be from exiting apps, switching, etc. It seems like they’ve increased the number of transitions and their types. It still had the hodge-podge mess of multiple communication tools: Messenger, GTalk, Voice and SMS.

Now this should be taken with a grain of salt but everything is starting to point to the fact that LG will in fact be making a Nexus branded phone. It is still possible that multiple OEM partners will come out with their own Nexus phones as well and if we hear more about those we’ll pass that information along too!