motorola has been a sub par device manufacturer, due to the poor quality and poor UI, they have always been the also runners of the several markets.
But with google's acquisition a lifeline has been extended to Motorola. I personally was expecting Google would start pushing out new devices, but overwhelming media response was that Google will spin-off the hardware group and just use the patents.
Currently Motorola's premier team under the guidance of former Google product manager Lior Ron (architect behind google maps) is working on its breakthrough phone X Phone. They want to bring the next iphone, something totally original and totally new.
With Google behind surely there will be something new, but even if Motorola comes out with a not so new but quality build and a clean android implementation , I will still take it.