I only hope this means a Nexus Two is coming soon. Having a completely open Android phone on the market that won't brick when you try to update its OS is important.
Nexus Two is coming, but it will only be available in retail and the retail version will probably be subsidized. It should still be fairly vanilla and open, though.
Do you have any references that led you to believe an N2 would continue to be vanilla and open? I am interested in a vanilla, open device. I don't want to have to root my phone.
My impression is that Google thinks that the Nexus One was successful; it's just the direct sales model that failed. Also, they have to have ADP4 (maybe running Gingerbread) for developers, but it doesn't make sense to develop a phone only for developers; I expect they'll sell the same phone under a different name through T-Mobile.
