I purchased Spice MI 500 5 months back. Before that I was using LG optimus one. During purchasing the people in showroom didnt open the box till I swipe the card. The first impression after opening the box and inserting the battery in that was "HEAVY to HANDLE". It weighs~210 gram. Now I only regret for this. But other features other than weight are awesome.
Cons:
Play HD games. Performance rocks due to dual core.
music is good in other earphones other than company provides(I use apple earphone). Sound is loud through speakers.
dual sim
good battery backup. Comes 1.5 day with nearly 3.5 hrs call, browsing, games and music.
Look is somewhat same as xperia Z
It fell down many time. But no major scratches.
Cons:
missed many calls in one sim when net was on in another sim. Enable msg option from service providers so that you get messages for missed calls when sim is not active.
Heavy, ~210 grams, use earphone while talking.
cam is good in day light but not video recording
spice home launcher lags - switched to apex launcher
RAM is though 512 mb, only 180 mb is available for user. Cannot put many live widgets due to ram deficiency.
Overall, its good for who likes to have dual sim, and continuously play games and price below 12, 000