I REALLY hope they improve on other aspects and not just the camera. I have a 1 IV and the flashlight, speaker output and lack of basic utility apps (e.g. audio recorder) are HORRIBLE to say the least.
Sony is less than two weeks from introducing its next flagship Xperia smartphone. In the meantime, a billboard in Hong Kong appears to confirm the device as the Xperia 1 V, revealing the smartphone's design and focus on camera performance in the process.