E90 competitor that doesn't compete
I would think the only people who'd want this are those who want an E90 on the cheap! It looks like they've taken the basic form factor, and then removed all the good points from it.
Smaller screen and lower res as already mentioned aside, having the phone only able to open to an angle is going to be annoying for anyone wanting to use when it is in their hands rather than on a desk, and seems like they've gone back to the old communicator style! One of the best things with the E90 is being able to use it at an angle on a desk, but also to open it completely when in your hands which makes it so much easier to see the screening while typing.
This is a phone without a market. At the top end people will pay the extra for the quality of an actual E90, and at the low end, there are better, cheaper and more functional smart phones already out there which do the same things better.