When buying Chinese phones, make sure it lives up to its exceptions. The camera isn't worth mentioning. The Snapdragon is average at best, and it's base clock speed isn't 1GHz as marketed. 512 memory (not only RAM as HTC claims) is nothing special. The screen is not an usual RGB display, it only has two colors. Other than that, the UI is nice. But that's it, nothing that can run Quake III.

Of course, it has plenty of apps and is smooth as hell. Hope you won't miss what you'll lose, and enjoy what you get (which isn't bad, although I can't say I'd get a phone from a company which can't count the amount of RAM correctly). Well, that's my opinion.