Prior to the announcement of the Google Nexus One phone, hopes were high. Some believed that the device would be available solely as an unlocked, yet affordable, phone. Others said that it would feature multitouch gestures that could rival the iPhone. Still others thought that Google's product would be an iPhone killer. Oh, how wrong they were.

Google's Nexus One is undoubtedly a good-looking device. But once one looks beyond the design and starts digging into its features, they might find that, in some cases, it's offering something new and in other cases, it's woefully behind. And perhaps that's the lesson that can be learned from the Nexus One. To some, it might be exactly what they're looking for. To others, it might be just another reason to buy an iPhone. Simply put, Google's Nexus One is a standard case of give-and-take.

Let's find out why.

1. It's available unlocked

Google's Nexus One phone isn't only being offered in an unlocked state, but there is an unlocked version available to those who want to bring the device to AT&T or any other GSM carrier. It's a nice option that should go a long way in appealing to customers who don't want to switch to another carrier just to get the latest mobile phone. Think of it as a shot over Apple's bow.

2. T-Mobile and Verizon are on board

There is a locked version of the Nexus One. For now, T-Mobile customers or those who are willing to switch to the service can get a Nexus One from that carrier at a steeply discounted price of $179. Google said that both Verizon Wireless and Vodafone are also on board to offer a discounted, locked version of the Nexus One, but that won't be happening until later in the year.

3. It doesn't have multitouch

Those hoping to find a device that can compete on the same level as the iPhone might be a little disappointed by the Nexus One. Unlike Apple's smartphone, the Nexus One lacks multitouch. In other words, users won't be able to perform gestures like "pinch" to interact with on-screen applications. That is a glaring omission.

4. It has updated Android software

The Nexus One is running Android software that users won't find in other devices running that OS. That means it features some extras, like home screen customization and home screen panels that allow users to add shortcuts to the display. It also has a new feature called Live Wallpapers, which helps users to customize the background image on their phones.