What my local operator is offering is this:
ZTE S202
Specs: http://wwwen.zte.com.cn/en/products/mobile/mobile_detail_291...
Video: http://www.youtube.com/watch?v=CClXKPRDzLI&feature=playe...
The price is 70 euros. The buttons have nice a tactile feedback, it has a screen and even looks okay.
Sure, this thing has a better branding, nicer website but the product itself is inferior and costs more.