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There aren't any known plans to change the floating touch functions, however I did pass your feedback on 
allright TQ very much Jeff.. hope to more features on floating touch in the future
Can I re-ask this question of Sony again? I'm curious has there been any change. Users are quoting Sony everywhere about future plans for floating touch, especially in ICS but I'd rather get the truth from Sony lol.
I'd like to add some enthusiastic excitement for the future of floating touch on the Sola. I would LOVE to see it expanded across the phone. I'd love to use it for:
1. Other browsers. I'm really sorry, but every article or review I've read on a Sony mobile browser says it's terrible and they downloaded an alternative. So opening up the feature is imperative!
2. I would love to use floating touch through the MENUs of the phone Imagine floating up and down the menus with floating touch? That would be great!
3. Of course there are games also. But it's a unique feature on just one phone, so I don't see any games devs doing that but I had to say it.
4. MUSIC - floating touch! Flick flick, it would be great for music controls.
5. LOCKscreen. Flick, flick, make it do stuff by flicking from the lock screen.
Please let us know if there is any development of the issue, thank you!