PLUS POINTS:
Low cost(Rs 4200(+/- 100))
Its a walkman series phone[Superb Sound Quality(even better than costly Nokia phones(eg N70, N72, 6300 etc))]
FM radio(Superb quality)
Flash Themes enabled(Far better than normal themes)
You Can play lots of games(java) (easily available for download on internet)
Better Operating System(Fast response and less deadlock(means phone hangs rarely))
GPRS(normal)
Usb connection(cable comes with phone)
25mb approx. inbuilt memory and 512mb M2 card(free with phone)
Good Battery
Good Handsfree(Bass enabled and universal)
Can set mp3 file as ringtone, message tone and alarm tone.FM can also be set as alarm signal.
Lots of other general features like calender, music dj, photo dj, sound recording etc.
DRAWBACKS:
Only VGA camera(camera quality not good).
Screen display quality is bad.
Only Infrared(No Bluetooth).
Speaker sound is not so loud.
No edge and 3g(You know better than me why they are not present in phone).
150 message storage capacity only.
Note: If you know how to flash your phone than its a good phone in this price range.