Well while Google has not officially stated if the Galaxy Nexus will receive the Android 5.0 update, chances are it won’t. After all Google passed on the device with Android 4.4 KitKat which means that an update to Android 5.0 seems unlikely. However the good news is that if Google won’t see to your needs, the Android community will.
It seems that developers have managed to create a working ROM for the Galaxy Nexus based on the Android 5.0 update. However we should point out that the ROM is definitely nowhere near ready to be used as a daily driver, but the good news is that at least it is being worked on, so for those who are still using the Galaxy Nexus, there is still hope!
There are plenty of issues in the ROM that needs to be sorted out but for those who are curious and don’t mind taking it for a brief spin, you can do so by heading on over to the XDA forums for the details.