Well, the answer depends more on 'who your are' and 'what you intend to do with the gadget'!
I strongly agree with @desibond there, and with @ico too.
See dude, I know MANY people who use a Nokia 5800XM, or a bloody SE Xperia X10, or even an Apple iPhone 3GS to do just 3 things: 1. calls, 2. SMSes, 3. music [not even vidoes]! A 'few' of them use it for social networking as well.
So, if that's all you intend to do, seriously man, you're insulting the gadget you carry! Better get any goddamn 6-7k touchscreen cell from Nokia/Samsung for that ['cos the on-screen QWERTY makes typing easier].
But, if you're the one who pumps out the juice outta your device, and it's not merely another expensive toy to get the 'ooohs and aahs', you use it to read eBooks, check mails, open [and maybe edit] office docs, and much much much more that truly needs some POWER in your hands, it's worth every penny to burn a hole in your pockets dude!
So, as I said earlier, it all depends on what you wanna do with it: insult it by using it as a MBA [over-paid clerk?] or to get every paisa out of it [a soldier you may call it!].