1080p resolution on a 5 inch screen with a tremendously high pixel density (480ppi is one rumor). Looking at the back of the unit, we see that Beats Audio will be included.
If this is indeed the 5 inch monster headed to Verizon, it is going to face some competition in the phablet sector from the LG Intuition and the Samsung GALAXY Note II. Throw in competition from sizzling hot handsets like like the Apple iPhone 5, the Samsung Galaxy S III, the upcoming Motorola DROID RAZR HD and the rumored LG Optimus Blaze, and it is going to be a difficult winter ahead for customers of Big Red with an upgrade to burn.
source: Weibo (translated) via RedmondPie
UPDATE: According to HTC Source, the press shot was actually created by a Flickr user by the name of Dannix. HTC Source reports that its source is still confident that the device will come out as a DROID flavored model called the HTC DIx.