It looks to me that hardware is not too far away from our nexies. So it definately looks to me that our device is still up to date for ICS.
EDIT:sorry should read: xperia Neo l
Sigh... it's not a question of whether the phone can handle it, it's quite evident that it can. This was established a LONG time ago.
And no, before anyone asks, Sony publishing the rom isn't going to help development of this rom.
M.