This phone has just recently come out, and I own it. It is an EXCELLENT phone packed with many features and is extremely budget. I will list the main features here, but the full spec is in the first post:
TFT Touchscreen (16m Colours)
Qwerty Keyboard (excellent)
Connectivity: Wi-fi, a-GPS, 3G/HSDPA, Bluetooth 2.1 with A2DP
150mb Built in memory/MicroSd slot and 2gb MicroSd card included
It also has an accelorometer and loads of apps/widgets built in. You can view office documents (word etc) load on flash applications and also play divx videos. The qwerty keyboard is incredibly easy to use and get used to. Also has a 3.5mm jack for your headphones.
Also, these can be unlocked AND flashed (with unbranded software) for about £10 for just unlocking and £20 for both.