Nexus Tablet to be made by LG?

We all are familiar with Nexus phone by Google, one of the rival for iPhone (4?) as to date. But recently I heard some rumor that Google will have a team up with LG to make a Nexus Tablet. What's that supposed to mean? well, another leap of technology would bring about. I expect it to me more advance than what Google Nexus S has to offer. Of course! Although I personally prefer iPhone 4 over Nexus S. I hope they will outwit the iPhone 4!