Same. I was waiting for the Pixel to release so I could hop on Google FI, but if the smaller device is more than $300, you can count me out. I'll just purchase a used Nexus 5X.
That is what I am waiting for also. Google Fi looks good, and would save a ton of money over Verizon, with more flexibility. I didn't care about having a premium phone though. My 2 1/2 year old Note 4 is perfect for my needs, so I might forget about switching to Fi. It does seem strange that if Google ants to grow Fi that they wouldn't have a low cost entry point.