Engadget shows us something it pulled from Chinese language forums:

What you see on the right is called the Droid RAZR “Fighter,” and it has a 4.6-inch 720P display much like HTC’s 4.7-inch One and the 4.65-inch Galaxy Nexus.

You will note that it does not have physical capacitive buttons, instead opting for the ICS-y soft buttons. That allows Motorola to push the screen further toward the edges, which is something we complained about in our review.

The smaller bezel and lack of physical buttons allows Motorola to break out a much bigger screen without increasing the footprint…much.

Other probabilities: LTE on board, lots more graphics power, and Ice Cream Sandwich.

Hopefully the Google buyout of Motorola cuts through the blur, but as with all Verizon phones, you will expect that Verizon will have its way with ICS.