You get fast internet, Facebook, Skype and Live Messenger apps all running at the same time in the background on a handset that is affordable. The only catch it seems is that you don't get a QWERTY keyboard, touchscreen interface or GPS.
However if you can get past these facts then the INQ1 is certainly a contender. Give us QWERTY or touch and we would be completely sold. For now, however, this is a great cheap handset, but still probably one for the kids.