There was a good chance that Sony Mobile was going to announce the rumoured Sony MT27i, codenamed Pepper, at the recent MWC tradeshow in Barcelona. It never came to pass, however it seems that its launch is still scheduled for some point in the future. The picture you can see below apparently was captured from a brief appearance on the Sony Mobile China website.
You can see that the design looks very similar to the Xperia NXT devices, however this particular handset does not have the transparent bar. It also clearly uses capacitive buttons (larger than the one on the Xperia S) and has a dedicated camera shutter key. The Sony MT27i ‘Pepper’ is rumoured to sport a 3.7-inch display with 480 x 854 resolution and be powered by a 1GHz dual-core ST-Ericsson U8500 NovaThor chipset. It is believed to come with 8GB of internal storage, 512MB RAM and a 5MP camera. The image also highlights it will come with NFC functionality.