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Do you have a link? The N8 rumour was floated a few weeks ago, but there was no mention at the time of 64-bit OS. AFAIK, only Intel has a 64-bit chipset and a 64-bit baseport of Android, Qualcomm, Samsung et al are not ready. I would expect the 64-bit announcement to take place at Google IO and the first devices with 64-bit to come out later this year, or maybe early next.
The N8 makes sense, as the 7" space is getting too crowded with phablets reaching, or exceeding, 6". But it will most likely remain a 16:10 device.
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