Can we please stop using the term phablet before it catches on and actually becomes a thing? It hurts my eyes just to read it. There must be better words for this form factor.
I think that's a good description, distinguishing them from larger more capable devices.
Phone pads?
Or how about just call them what they are - smartphones. Is the half inch screen size difference between a Note and an S3 really cause for a new class of device?