It is like almost every piece technology. It is great for some people, acceptable for some people, and terrible for some people. It comes down to what you need from a mobile phone. Do some research and buy based on that.
That is what I am saying. You can't simply say it lives up to the hype or it doesn't. Just like you can't say if it is a good phone or a bad phone. How good it is comes down to what you want/need from a mobile. Technology in a lot of cases is similar to ski boots. Sure there are some ski boots that are terrible and bad for everyone. But most of them are neither good or bad. It comes down to your foot to determine whether or not it is a good boot.