I'm really resting all my hopes on Nokia to bring out a WP7 device with a premium chassis. The recent crop all have at least one major flaw that turns me off.
Focus Flash: 8GB storage
Focus S: Cheap feel and crappy black plate. Also a bit big for my taste.
Titan: Too big (but probably the best WP7 out there if you don't mind the size)
Lumia 800: No FCC
Lumia 710: Ugly design
HTC Radar: Dumb looking bottom half
And the handful of unreleased phones that have been announced don't look too impressive either. If the 800 had a FFC that would literally be the perfect phone for me.
I agree that every phone announced/released has one major flaw, but a couple of my flaws are different
Focus Flash: 8 Gigs of storage, lower quality Camera
Focus S: Too big, feels like a cheap toy
Titan: Way too damn big
Lumia 800: Poor photo quality (no FFC is no big deal to me, I don't use them when I have them)
Lumia 710: All the 800's flaws, in a less attractive body with a worse screen
HTC Radar: 8 gigs of storage. Lower quality camera
If the Lumia 800, Focus Flash, or Radar had better camera quality and higher storage, they would be winning as far as I'm concerned. LTE support would be a big, big plus to me as I don't feel now is a good time to lock into a two year contract on a phone lacking the next gen wireless tech.