An interesting design. Not revolutionary but more realistic. I reminds my slightly of the HTC Legend (http://www.htc.com/europe/product/legend/overview.html) which wasn't really popular in the UK. Of course that didn't have the cool screen on the bottom.
I like the curved screen at the bottom with the contextual menus. For me the icing on the cake for this would be some sort of Colour EInk display. Or even a hybrid screen if the refresh rate isn't fast enough (which it currently isn't).