The new Sony Xperia V one-ups the Xperia T/TX by offering HDR functionality in its camera. It looks like this feature was already baked into the models present at IFA 2012. The picture below shows the HDR icon in the camera UI of the Xperia V. Once you click the HDR icon you get the option to turn HDR on/off. See the video below to see it in action.
Via Rbmen.