In some versions, the silver hand fashioned by Dian-cécht was sufficient to allow Nuada to be king, in other versions he had to wait until Airmed and Miach healed his arm completely.
While the business with his arm was getting sorted out, Bres did indeed take over as king, but he was tyrannical and unpopular; he was exiled as soon as possible, and Nuada replaced him, new arm in place.
Nuada was the chief god of the Tuatha Dé Danann, and was the god of healing, the Sun, childbirth, youth, beauty, ocean, dogs, poetry, writing, sorcery, magic, weapons, and warfare*, although he was not necessarily the head god in these areas. He married Macha, and fathered Tadhg and Echtghe (AKA Aughty). Both Nuada and Macha are slain by Balor. Nuada is also known as Nudd or Ludd.
* Thanks to http://www.pantheon.org/articles/n/nuada.html for this list, where ever they got it.