You can share apps and youtube links, those are the phones so far. When I touched my homescreen to my brother's phone, it sent him to the play store to the nova launcher page, or directly to the youtube page. You cant send pictures through the gallery yet though in ICS, it works in Jelly Bean, or so I've heard.
Yeah contacts is another thing. I remembered seeing that in a youtube video. Someone might be working on, or will be working on Google Wallet hopefully, so you can use the NFC chip to pay at certain paypass enabled terminals as well. I think I read in Android Police's apk teardowns that they're working on person to person transfers, so there's that too.
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