QUOTE
Pros
* Speedy second generation Snapdragon chipset
* Very good call quality
* Ergonomic curved design with metallic accents
* Innovative Breeze UI
Cons
* Subpar camera
* Easy to smudge screen
This is from the review by phone arena. It scores an 8/10 , and frankly, "easy to smudge screen" ? LOL all touchscreen phone does that. Even more in this humid country of ours, oily + sticky can hardly be avoided. So I must say that's not a 'con' for this phone.
Camera..? If you would know, it's Acer , company that has most of its revenue coming from notebooks and computers,etc.. They don't make cameras

. I'd recommend to get the Motorola xt720 or the Sony Ericsson x10i for your camera replacements. Other than that, I don't see any other bad sides to this phone.
And also I quote phonearena,
QUOTE
Now off from the outer appearances of the Acer Liquid Metal, to the inner beauty. First off, it is powered by the same Snapdragon chipset found in the T-Mobile G2 and the HTC Desire Z, clocked at 800MHz. Made with the 45nm technology, it has been already overclocked to 1.9GHz by a few enthusiasts. Together with a new Adreno 205 GPU, the processor provides performance that is comparable to the best-in-class Samsung Hummingbird, so don’t let the 800MHz clock frequency fool you. Couple the MSM7230 chipset with 512MB RAM/ROM, and you will rarely feel the interface lagging, or apps slowing the phone down, although it happens. The Quadrant benchmark test consistently scored 1300+, which is a very good result. On the flip side, the Acer Liquid Metal heats up at the bottom significantly with graphics-intensive tasks, such as running the said Quadrant test.
This is a phone to consider. I'm stoked between this and the Captivate now.