Considering I don't really use my mobile that much, am always paranoid about dropping an expensive phone, and prefer something smaller than pretty much any decent smartphone I've seen, this is the first smartphone that I actually really, really (realistically) want. If the pricing is right, this has the potential to go absolutely stellar. It will never replace your iPhones or HTC Desires, but that's not the market they're aiming it at.
Sure, smartphone buffs will probably scoff at the specs, but that's not the point. For those of us that want something quite compact with reasonable functionality for basic use, this looks ideal. In theory, this looks perfect for what I personally want. However, I'm going to wait until the reviews of battery life, robustness and performance as an actual phone come out before I commit to it.
As for which network, well that's a whole different topic :)
not a chance