i've had the Cookie
KP500 for about a week now and i have to say im really impressed with it. (being truthful i am on my second because the first had a problem with the mic)
of course it lacks some features that the iPhone, and other high range model touch screen phones have like WiFi or GPS but for the price i think its worth missing off a couple of things. I personally am not interested in browsing the internet on my phone (i will use a computer if i need the internet) or playing with GPS on google maps (which is about all i've seen from the iPhone) so this phone was perfect for me. i was really supprised with the picture editing the phone has built in, being able to do the usual effects aswell and saturation, contrast, hue, white balance and loads more. with it being fully touch screen it is loads of fun to use, it not only looks the business but it feels it too. not forgetting it has all features needed to make phone calls receive texts bla bla so im happy.
i do have gripes with the phone.. firstly the camera is low quality with no flash, but i have found that the quality of the photo is actually better then it looks in the camera mode (before taking the photo). also i loaded a couple of videos onto the handset, the usual file types Avi, Wmv.... but it turns out they are unsupported on the phone

(after wasting a couple of my lunch breaks looking for codecs or a standalone divx type player that i could install on the phone i've given up on trying to find a way around it. if anyone does know a way let me know

). my last gripe is how slow it is to react to changing from portrait to landscape especially when changing from the "text style number keyboard to the landscape
qwerty keyboard.
but overall i hear about a lot of problems with this phone "its slow", "it crashes"... as long as you dont rush the poor fella there are no problems

im not saying its perfect but if you compare it to an iPhone or course it will come up short. at the end of the day if you dont like it get an iPhone (and pay four times the price)
