Am I missing something?
"But, said de Lencquesaing, the “market has evolved...[and become] more price sensitive”. So, the range will be fleshed out with the L1, a slider with an alphanumeric keypad. de Lencquesaing said it would have all the functionality of the top end device but in a more familiar format."
So it does everything the top end phone does, but for a lot less money. If that were true who would stump for the top end phone?
I suspect the reporter is oversimplifying a touch.