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There is a bug in firmware which causes phone calls to be cancel by accidentally touching the screen with face. The bug is present since 2.3.4 and is still present in newest.
The problem is Neo V tries to be smart and turn the screen on when the phone is placed horizontally. Unfortunately it sometime fails. So the actual problem is with identification of the phone orientation, which points to accelerometer.
On the other hand the idea of turning the screen on when detected orientation is horizontally seems to have completely no sense. Reliable and robust solution would be to stick with proximity sensor data only and not to take orientation into account when deciding whether or not to turn the screen on.
http://forum.xda-developers.com/showpost.php?p=24220268&postcount=1
http://forum.xda-developers.com/showpost.php?p=36370748&postcount=4
Thanks for posting and welcome to the forum!
The sensor doesn't apply for the orientation of the phone, it's sensible for how much light that enters the sensor placed just above the display.
When light doesn't enter the sensor it turns off the display.