The question is, how much will it cost. Rumors online have pegged the price at high US$800, while others at a rather low US$500. Actually, there is a good basis for making an estimate. Samsung Galaxy Note, is actually a Galaxy Nexus on steroids minus Ice Cream Sandwich (Android 4.0).
This much we can tell you. The Samsung Galaxy Nexus will cost less than the Galaxy Note.
The Samsung Galaxy Nexus and Note both have 720p screens, with the Nexus having a 4.65-inch screen and the Note having a larger 5.3-inch screen. Given the Nexus has a higher pixel density, producing this screen might cost a bit more. But after that, the Note is the decidedly more expensive product.
The Samsung Galaxy Nexus has a smaller 5MP camera than the 8MP unit on the Galaxy Note. It also has a smaller secondary camera. Instead of the dual-core 1.4GHz ARM Cortex-A9 processor, Mali-400MP GPU on a Exynos chipset on the Galaxy Note, you get a less expensive dual-core 1.2GHz Cortex-A9 CPU on a TI OMAP 4460 chipset for the Galaxy Nexus. The Galaxy Nexus comes with a smaller 1750 mAh battery than the monster 2500 mAh battery on the Galaxy Note. And, yes there is no stylus and stylus customized software on the Galaxy Nexus.
All in all, I expect the Samsung Galaxy Nexus to be priced at a full 15% lower than the Galaxy Note.With the Galaxy Note being priced at Php35,990, I expect the Galaxy Nexus to hit the shelves at Php29,990. About the Same price at launch of the Galaxy S II.