PROS:
Premium feel, light as a feather
Superb form factor, comfortable to hold and operate
Clear screen, slim bezels, sunlight display really works
No heating issues with latest update and 2nd Gen Snapdragon processor
Sharp back camera, sufficient front camera
Dual flash for different light conditions
Decent battery, lasts one full day
Dual 4G sim
Smooth but limited MIUI 6, could be better
Great for gaming
CONS:
No Micro SD slot( This can be a dealbreaker)
Speaker could be louder
Phone is slippery despite matte finish, definitely requires a cover for grip