Best Feature: Android 2.3 Gingerbread update will be available soon, which no phone in this category is/is promising to offer.
Ill take the specifications one by one.
Display: HVGA crisp display
Looks: Very elegant.simple and elite
OS: Android 2.2
Processor:600 MHZ
RAM:512 MB. Thats a real steal at this price.phones in the range of 20-30k are offering this RAM.and believe me.Android works real smooth with 512.256 isnt very smooth.
Sound quality(the music sound):Not that great in Loudspeaker. But in earphones its awesome
Reception is awesome. The voice is clear even in areas with low network coverage
Can be used as Wi fi Hot spot
Comes with a one year theft insurance
Its been a week I am using this one and totally satisfied. I would surely recommend you to go for this phone!