Huawei could add a waffle-maker to its Ascend P2, and I doubt even that would be enough to pull people over to its side of the phone stores. Unlike the Ascend D2 unveiled at CES, there's no 3,000mAh battery lurking here (you'll have to "make do" with a 2420 one), but there's a CAT 4LTE chipset, meaning 4G speeds can reach 150Mbps (the iPhone 5 and S3 LTE only have CAT 3, FYI).
Unfortunately those at MWC weren't able to properly test the 4G speeds at the show, as, err, only 3G speeds were available, but according to our brothers at TechRadar, this phone won't compete with the likes of the flagship handsets offered by other companies, but if anyone was eyeing up more budget handsets, this could be a nice alternative -- once the £345 cost comes down a bit, anyway.
What else do you need to know? There's a 1.5GHz quad-core processor and 1GB of RAM squeezed into the 8.4mm shell, with the 4.7-inch 1280 x 720 / 315ppi (sigh, it's no 468ppi) display coated with Gorilla Glass 2. On the rear, the camera is 13MP, and the forward-facing one is 1.3MP. Jelly Bean, in case that was your next question.