At an event in Hong Kong last night night, Google and Samsung finally put months of speculation to rest by unveiling the new Galaxy Nexus smartphone alongside the latest Android 4.0 Ice Cream Sandwich operating system. And as you’d expect from a Samsung smartphone, this baby does not disappoint.

While it’s not quite as stacked as the Samsung Galaxy S II, the Galaxy Nexus looks like a very desirable Android smartphone. It’s the first to ship with the latest Ice Cream Sandwich OS, which will look wonderful on the device’s “spacious and gorgeous” 4.65-inch Super AMOLED display. It’s powered by a 1.2GHz dual-core processor and 1GB of RAM, and there’s also up to 32GB of internal storage.

Its only disappointing feature is that it only has a 5-megapixel rear-facing camera. While this may not be an issue for some, high-end smartphones are now shipping with 8-megapixel cameras as standard, and it’s a shame that the Galaxy Nexus isn’t, too. Nevertheless, it’s still capable of shooting 1080p HD video, and features an awesome new panoramic mode.

The Galaxy Nexus does boast 4G LTE support where available, and HSPA+ connectivity in areas without 4G networks. There’s also a 1,750mAh battery to keep you going. Depending on where you measure the device, its thinnest point is just 8.94mm, with a 4.29mm bezel.

The new device will be available in the U.S., in addition to some European and Asian nations, in November, with worldwide roll-out expecting in the following months.

Are you excited about the new Galaxy Nexus?