Nexus one is slightly better than the incredible. But the incredible looks slightly better than the nexus one (Looks, as in hardware wise)
Mmmmmm yeah no.

720p video recording coming with update vs. 800x480
Mobile hotspot coming with update (like you see in the Droid X commercials) to equal Nexus
8GB internal storage vs. None
8 megapixel camera with 2 flashes vs. 5 megapixel with 1
TV out via MicroUSB vs. None
4.6" x 2.3" x 0.47" vs. 4.7" x 2.4" x 0.50"
I don't see how you're coming to this conclusion that the Nexus One is better than the Incredible
And how is something "better-looking hardware-wise" anyway?