I think this is a really good piece of news.

* It puts a smart phone into the range of people who currently have only been able to afford a dumbphone.

> People who might previously have saved up for an expensive alternative will now opt for the cheaper nokia instead of a rival.

> This will generate more money for Nokia, some of which will filter through to their less lucrative projects, such as maemo and meego.

This is Nokia's way of quietly waving two fintgers at the iphone: which will Average Joe choose? the expensive item or something doing 90% of the same stuff for less than half the price? He will find it harder in future to get Mrs Joe to let him have an iphone/blackberry/HTC.