Amazing phone, especially for the price...
capacitive screen, meaning iPhone like response. 3.5" HVGA screen, biggest on Android phones'. Runs similar CPU speed as HTC Hero, innovative home screen.
GPS, Wifi, HSPA (7.2Mbps), GPRS/EDGE, 3.2MP Camera with video capabilities.
Top notch features, for incredibly low price...
check out demo @ http://androinica.com/2009/09/07/t-mobile-pulse-video-shots-show-device-is-better-than-expected/
Although should note, the release phone should be better than one on video, as it is a prototype.
I was thinking of buying the HTC Hero, but now at 177 price point, it is really tough to decide. HTC Hero would cost about 370gbp unlocked, and about 300 on ebay.