Here's a rumor from one of our solid sources. The Lollipop MR1 (Android 5.1) will start rolling out to Nexus devices starting with the N7 (probably 2013) this week, barring anything unexpected.
This release is supposed to make Android buttery smooth again, which is something you may have already spotted from videos of Android One devices running it. You're going to want to install it.
Google's been having some issues with battery life, which explains the delay, and unless they're already resolved, could possibly delay the rollout. But later this week is the info I have right now.
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