i just thought i would add my two pence
I got my Lobster 700TV yesterday, i am a previous user of an SPV C500 and I am using this phone in place of my C550. For work I have an SPV M3100.
In terms of what this device has sacrificed, it doesn't have infrared however apart from that, feature wise it seems all up to spec.
I don't think that the size is too bulky and it is a lot better than the M3100 which i can't bear to carry around.
TV is a disappointment, quality is poor even in good reception, you can't have full screen landscape, and the picture always has an annoying WHITE bar above and below. It isn't an ideal replacement for anyone who uses a pocket telly and not all programmes are available on ITV or E4 (eg. lost, friends). they are replaced by rolling trailers until the next programme comes on. I imagine that it is to do with broadcast rights. The licence that must be aquired MUST be done via GPRS, pass through doesn't work (it does for other internet use, except "red button" services which also require GPRS) and you do get charged for the data.
DAB radio is very good. I am impressed.
On the whole i think it is a very good free phone on a sub