This phone runs Android v2.1 (say some - but GSMArena says v1.6), has FM radio support, MS Exchange Active Sync and plays DivX videos....and lots more.
Looks like an awesome package for the price.
Cons appear to be small-ish 3" screen, 320x480, apparently low internal storage (130MB?) and no infomration anywhere about what processor is used in it.
ARM6 or 7?
It matters.