Google has acquired Motorola Mobility essentially for its 24,500 patents.

Google has been bogged down by patent hoarding companies which have put pressure on Android as a platform. They decided instead of focusing on innovating, they would focus on building a patent portfolio.

Google had no choice to pay for patents,else they would end up losing the wonderful Android platform that they built because of patent wars.

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Strip Motorola Mobility of its patents and software talents and sell of the hardware seems like a logical one.

If google decides to continue selling hardware, they would compete with other companies in the Android eco-system such as Samsung and HTC.

However what they would be able to do is tightly integrate hardware and software like Apple does.

The least I expect is to have the latest Android available for Motorola phones.So if you have a Motorola phone, have fun!