My gf owns a Nexus 4 and I owns a Nexus 7. To be honest, I find both to be very very similar, just the lack of a back camera on the Nexus 7. Both offers smooth stock rom, snappy quad core processors.
In fact, Nexus 4's snapdragon processor outscores Nexus 7's tegra 3 processor.
For Nexus 7, I would say it can support up to 1 more major update (5.0)
For Nexus 7.7, I am quite sure it will be at 5.0 at launch, supporting 1 more major update (6.0). (more future-proof)
If your not in a hurry, I advise u to wait for Nexus 7.7. The experience with Nexus 4 and 7 is very similar. Just that the fact that Nexus 7 has a bigger screen and more syok in watching videos and surfing the net.
I mean, if u get Nexus 7 now, you will get similar experience with your Nexus 4. The only upside is that the screen size brings more pleasure in watching videos and surfing the net. And gaming more syok.
If you can control the itch in ur hand, wait for Nexus 7.7! It will definitely be worth the wait.
