Just read the verge review and sony has used actual regular capacitive buttons for the P on the white strip and they work just as any other phone. Thats a huge plus in my opinion as the white dots of the xperia S are one of the most annoying things about it, it's like trying to fix what was really not broken.
And they also say the hardware shutter button is really good something again the xperia S lacked, whats the point of a shutter button if it aint uber comfortable? It's just like the arc vs neo where the neo had a much better button.
I can live with 16GB I suppose the phone seems really good to me. Just have to wait for gsmarena battery test, so wish it had a 1500mah battery I wouldnt even think twice about getting it.
EDIT: OMG it has an IPS LCD so no more ****ty viewing angles like the xperia S has. And read this from the verge,
"Put simply, in daylight, the Xperia P’s display is hands-down the most readable smartphone display I’ve ever come across. Even in direct sunlight, text remained entirely legible and colors were still accurate.
Aside from the brightness, the display performs as an IPS should: viewing angles are near 180 degrees and colors are accurate however oblique the angle."
Now if only the xperia S had regular face buttons and this display. Oh sony why do you fudge on every phone it seems. You should have given the xperia P more respect with a bigger battery really.
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"Coming into this review I was concerned about how the Xperia P's tiny 1305mAh battery would cope, but its SoC seems relatively good at sipping power. The Xperia P managed around 14 hours of use, including an hour and a half of camera work, watching a two-hour video, two hours of gaming, and over an hour of calls. In reality it’ll get you to the end of the day without any issues, and if you're not a heavy user you'll get a couple of days out of it."
Wow this really is getting better with this phone. I might just buy one when it gets the ICS update.