But only a slight step down, as it still boasts some high-end specs on the inside and a trimmer physique that makes the Z Ultra look a bit flabby around the middle.
It weighs 173g versus the Z Ultra's 212g, mainly thanks to a slimmed down bezel that sees the display reach to within 2.5mm of the edge of the device. Well, that and a smaller screen overall, obviously.
Resolution-wise, it's the expected step down from the Z Ultra's full HD panel to a 720p unit, but that's a match for rivals like the Samsung Galaxy Mega.
A quad-core 1.4GHz Snapdragon processor does the thinking on the inside with the help of 1GB of RAM, while there's a middle-of-the-road 8GB dollop of (expandable) storage space, a 3000mAh battery and – crucially – 4G LTE capability, which is good to see.
The camera pairing looks to be quite impressive on paper, or at least the main camera is. The front-facer is just a 1.1MP affair, but round the back is a 13MP Exmor R snapper supported by a new “smart social camera” initiative, which supposedly makes it easier for developers to create apps that make the most of the photographic hardware on offer.
Apps already lined up include ones for portrait retouch, collage, background defocus and a timeshift burst that fires off up to 31 shots in just 2 seconds.
And now for the bad news: the Xperia T2 Ultra (and a dual-SIM Xperia T2 Ultra Dual alternative) have been designed with emerging markets in mind such as China, the Middle East, Africa and Asia Pacific, and Sony isn't committing to a wider rollout at all at this stage.
More will surely be revealed at Mobile World Congress next month, including when the Xperia T2 Ultra will go on sale, and for how much.