Maybe i'm just compulsively pessimistic, but i don't think such a phone will come around too soon, and even if it does, it will probably be crap. Why? Well:
* not only is it a chinese company (yes, i know everything is made in china today, but it's important who oversees the process), but it's also one of those companies that can't afford a fully-functional site (browse around, see the empty sections), and also has it mixed with the chinese version
* no serious announcement : no details about when it may be released, how much it will cost, no hard anything; they're just a bunch of guys hoping to be able to do it
* too good to be true; yes, there is such a thing in the real world, even if it is physically possible to cram that much technology in there, it should either cost close to 1000 euros or be crappy