US-specific version of the Xperia S after all, but a new handset in its own right -- albeit one we've already seen under the "Pepper" codename. In some ways, it's a budget version of the S, with a similar appearance minus the glittery translucent strip along the bottom and with various other reductions, including a 3.7-inch 854 x 480 LCD, 1GHz dual-core processor and 5-megapixel rear camera. On the other hand, it's a fully hazed member of the Xperia gang, with NFC SmartTags, an xLOUD "surround sound" speaker, Mobile BRAVIA image processing and, of course, full access to the Sony Entertainment Network. As expected, the sola will ship with Gingerbread but be upgradeable to ICS soon after launch. There's also one completely new spec: "floating touch" navigation for "magic web browsing without touching the screen." What is it? Does it work? We should have answers pretty soon -- the handset is due for a global release in black, white and red colors in Q2. Check the source link for full specs.
Update: More on "floating touch" right here.