The phone also has a 3.2MP camera, 2.9GB of built-in memory (expandable by a microSD card), 3.5mm audio jack, microUSB port and a 1500mAh battery. On the connectivity side, there's HSPA-enabled 3G, Bluetooth, Wi-Fi and GPS.
The Sony Xperia tipo will be available in a dual-SIM version too - called Xperia tipo dual. But, both cards will not be active at the same time - it's not a dual standby deal. Instead, a special button on the side of the tipo dual would allow you to toggle the currently active SIM.
Both versions will be launched globally sometime later this year. The device will come in Classic black, Classic white, Deep red and Navy blue. No pricing info available yet.