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@Velocio
The CPU is pretty power efficient, but most power savings are in the screen technology and the OS. Both of which have been updated. The other big power saving is in not running any manufacturer or network background apps... just getting off the HTC Android will give you more battery.
The Nexus 4 is claimed to have 10 hours talk time and 250 hours standby (10 days!).
Both of those won't be achievable in real-world multi-tasking with the screen coming on and off and networking being used... but they're basically promising longer battery life than any other Android phone with the Nexus 4.
I'm sure once it's available a lot of sites will be putting those power claims to the test.