I have been using this phone for the last 3 months. Bought it for 4.5k mainly for my kid to play but I am really amazed by the its functionality and the wide range of applications available in Android platforms make it a must buy. I do not know whether this phone will last like a Nokia but so far it is good. The lack of base memory can be compensated by installing a memory manager app.
My only wish is that it had more base memory -- at least 512K. Then it would have been a never miss deal. The cameras, front and back do their job. The phone connects easily through Wifi and USB. Battery is good for two days of normal use which includes an hour or so of net surfing via Wifi.
Of course, it heats up a bit and surely should any 1Ghz processor.
Now the only question that remains is whether it will last.
Surely I will do a follow up later.