I really wonder how good this would be. My last phone that I used for ~7months was an Alcatel. As far as hardware went it was a perfectly usable phone... but it used some sort of blackberry knockoff software for the OS which made the whole thing entirely useless. Throwing Android on their hardware may actually make for a decent device.
I am wondering how long setup like this is going to start being above $300.00. You would figure with Chinese competition, the prices should start heading down. This is basically your generic Android phone now. Maybe a little above with the micro SD slot, but the ~5 inch screen appears to be the new standard.