Pros:
Stylish looks
Full Aluminium unibody which is marvellously buit
1GHz Dual core processor & 1GB RAM
16GB Internal Storage (2GB for apps + 11GB for files user accesible)
USB OTG support to attach pendrives
8MP cam with flash, VGA Front cam.
4" screen with Whitemagic tech rated brightest amongst all phones.
Android 2.3.7 Gingerbread (ICS 4.0.4 available)
Excellent screen visibility even in bright sunlight!
3G, Wifi, GPS, NFC, BT on board. (2 NFC tags supplied free!)
Cons:
A moderate battery of 1305 mah. May not last full day. And its not user-replaceable. (EP850 Fast Charger helps here)
No memory card slot. 11GB memory might seem less for some. (But USB OTG helps)
Micro-SIM slot. Cannot use regular SIM. (Solve by using adapter)