I purchased my HTC Touch 2 months ago and I would dive straight into Pros and Cons
Cons First
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1) Dialling the numbers is a bit cumbersome. I use the stylus for dialling numbers. Using fingers on touch keypad is not very convenient. Also I somehow end up redialling the last dialled number more than once
2) On screen keyboard is very small. Cant use fingers
3) My experiencing with battery backup not very good. Does not last more than a day
4) Stylus is small - difficul tto grip
6) The surface is prone to getting scratches if you are not careful
7) Performance goes slow if multiple applications are opened
8) My experience with Java widgets was not very good. After a while they seem to stop working . One exception to this is the google search widget which gets installed on the home page and is quite useful
9) Camera is not particularly good but then it is not meant to be
Pros
1) Push email feature - sync with MS outlook is the most I use
2) GPRS works well
3) Surfing is good but for websites which are optimized for mobile phones
4) Good storage memory
5) MP3 player quality is good
6) It is easy enough to install programs
7) Writing mails and SMS is convenient due to display area
8) TouchFlo is good to access quick contacts and music etc.
Features not used
1) Wi-Fi
2) Video Player
3) Streaming