Because Google hasn't officialy acquired Motorola Mobility. Motorola is doing business as usual.

They seem like great phones spec wise, perfomance wise we have yet to see - Nexus has a OMAP 4460, RAZR has the 4430.

Major difference. Though, the Galaxy Nexus seems to have an advantage in the fact that its a predecessor to a previous Nexus model.

According to motorola DROID RAZR - specs faster, thinner, smarter, stronger see here.

What is everyone elses take on these two candidates?

                                                         Samsung Galaxy Nexus                  Motorola Droid RAZR

Price (on contract)	TBA	$299
Processor	1.2GHz dual-core likely Texas Instruments OMAP 4460	1.2GHz dual-core Texas Instruments OMAP 4430
Display	4.65-inch curved glass HD Super AMOLED 1280 x 720	4.3-inch qHD Super AMOLED 960 x 540
Primary camera	5 megapixel with zero shutter lag	8 megapixel
Front-facing camera	1.3 megapixel	1.3 megapixel
Video recording	1080p at 30fps	1080p at 30fps
Cellular	LTE / HSPA+	LTE + CDMA / EVDO or HSPA+ / GSM
WiFi	802.11 a/b/g/n	802.11 b/g/n
NFC	Yes	No
Memory	1GB RAM	1GB RAM
Storage	16GB / 32GB internal storage	16GB internal storage 16GB microSD card
Operating System	Android 4.0 Ice Cream Sandwich	Android 2.3 Gingerbread
Battery	1,750mAh	1,800mAh
Quoted Battery life	TBD	Up to 12.5 hours talk time Up to 8.9 hours video
Weight	135g / 4.76oz	127g / 4.48oz
Thickness	8.94mm / 0.35in (HSPA+ model)	7.1mm / 0.28in