Purchased this phone for myself in april. After having used this phone for more than 3 months I am in a good position to tell you whats great and whats not really upto the mark. Please refer to all my points below as for this price point.
Battery-decent back up. Upto 14 hr which in good for any android phone
Signal capture strenth good.
Camera - It is a decent camera. Photos at night are decent. Secondary camera works well too. Selfi good quality even in low light
Games - Can run fairly heavy games really well. The 3GB RAM takes care of that.
Music - Very good speakers. Only downside is that some files which used to play initially now report an error for no rhyme or reason.
Movies/Videos - The display is lovely so you should not have any complaints.
Theatre mode - Lovely experience, but you may get tired of it after around 3-4 movies. I mean, it is nice regardless but is it worth the trouble - no.
Others - At times, the gyroscope goes on holiday. For folks who didnt understand what I meant, its just that the phone display does not auto rotate at certain times.