Perhaps the star of tonight’s AT&T Holiday preview here in New York is the One VX, the out-of-left-field entry from HTC that sits somewhere between the One V and T-Mobile’s One S. Like Phil said upon its unveiling a few days ago, this is a device in and of itself, and really brings the best of both worlds to AT&T’s LTE network. 

Spec wise, we’re following the new trend of high-end internals at low entry-level prices. The 4.5-inch Super LCD2 display is the same qHD resolution as the One S but the ever-so-slight bump in size makes a world of difference. It looks great too, and while it isn’t the mind-blowing 720p display on the One X+, it produces vivid color, excellent viewing angles, and admirable brightness. You won’t be disappointed here.

The Snapdragon S4 MSM 8390 is just a few clicks below the One S in terms of clock speed, but based on my short time with it tonight, it gets the job done. The One VX chugs along with nary a hiccup or stutter, and seems to be able to handle just about anything you throw at it. No, this isn’t the biggest and baddest processor/RAM combo you’ll find, but that doesn’t mean the VX doesn’t offer exceptional usability. The same can be said for the camera—its 5 megapixels are lower than the 8 on the One X and One S, but thanks to its ImageSense processor and advanced optics, we’re expecting exceptional photographs.

Physically, the VX really hits a sweet spot in terms of screen size and portability. It’s absolutely stunning, as we’ve come to expect from the One series. Slim and light, the VX looks quite similar to the One S with its rounded corners, super-slim profile, metal trim, and matte silver/white finish. It’s also the perfect balance between big and small- despite the 4.5-inch display, the VX is perfectly pocketable.

I do have some small gripes, like HTC’s decision to ship with Ice Cream Sandwich while the rest of the One line is queued up for its Jelly Bean upgrade. And don’t get me started on the name—HTC ruined a great thing with this choice, and completely screws up its super-clean One branding. Why not the V+? Or even the S-?

I’m on pins and needles to see what kind of pricetag AT&T slaps on the VX, as I think this phone has the potential to be huge at the right price point. Until we get a chance to put it through its paces, sit back, relax, and enjoy some hands-on after the break.