FWIW I got one of the first batch of N5's and was upgrading from an N4. The N5 may seem like just a small spec bump, but even with the two both on KitKat the N5 is so much faster in every usage.
The N5 also is way lighter and much thinner. It's a less outwardly flashy device, but way better user experience. It also manages its battery better so instead of 30% at the end of the work day it's more like 60%+.
Only issues so far were some wakelocks I had to track down, and since KitKat broke most wakelock detectors that was a little iffy, but most of the devs of those tools have caught up or are on their final release candidate to bring KitKat compatibility to their apps.
TL;DR: If you like Android you'll love the N5.
Protip: You can set animation duration to 0.5x to really go warp 9.9. Setting it to 0 makes some things weird, so don't do that.
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