Pros: Works great, Sounds great, Does what I need
Cons: Ringer volume not loud enough, just average web browser performance.
Summary: I've had the RAZR V3 and V3xx. I have always preferred the Motorola phones, and this version continues to justify that preference. The camera works very well (for a cellphone), taking pictures which have become part of the family album (in other words - good enough to keep showing friends and family).
I have over 350 directory entries with about 1000 numbers, plus e-mail and physical addresses. With Motorola's Phone Tools (I highly recommend you purchase this software) I am able to keep my address book sync'd with Outlook. It also makes it easy to move photographs from phone to computer.
When I'm on the road, I use the Edge and 3G data connection to keep my laptop connected to the internet. This works VERY well. I can also use this phone to make voice calls WHILE my laptop is connected to the internet. Way cool - at a fraction of the cost of having a dedicated data card in the laptop.
In summary - this is a great successor to the very successful RAZR line of cellphones. It will be interesting to see how they improve on this one for their next generation.