I actually have had this phone for the past 2 weeks now (and have been using it as my daily).
Phone is incredibly light and very very thin. Its almost too thin; when placing on a table or hard surface I can sometimes have difficulty picking it up. Also, the lock button is on the left side underneath the volume keys which takes some getting used to (probably a couple days). Front and back are made of glass with the metal surrounding it. It really doesn't feel like you paid $200 though. Comparing to my ip6+ it honestly feels the same if not better due to the reduced weight. The screen however is alright. Its not bad but its not really that good. It gets the job done essentially. One thing to note is that the ambient light sensor is kinda wonky and sometimes doesn't adjust properly.
In the box it comes with a screen protector, case, charger, usb cable, and headphones. I haven't used the case or screen protector but the headphones are pretty nice. I think its crazy how a $200 phone comes with more accessories out the box than a $700+ iPhone.
Software wise its at 4.4.2 which is nice but there is no word on if its getting lollipop (probably won't). There are 3 capacitive buttons. The stock launcher is alright but I would recommend changing it when you receive the phone. theres a decent amount of bloatware but most can be disabled easily. there are some cool software features which are somewhat useful but its not any thing you would lose out on if disabled (things like smart stay, fake cellphone, etc.)
My biggest gripe is the battery and speed. So I am what I would consider a heavy user. I get many emails from multiple push accounts along with lots of text/bbm/hangouts throughout the day. I do not use my phone for games, or really media use often. In order for me to get through a full day I have to have the battery saver mode on. This limits the CPU performance but otherwise the battery does not last as long. Its got a small battery which makes sense considering its a very thin phone. I use no WIFI or bluetooth and i average 3 maybe 4 hours SOT if I'm lucky. Camera is not that good either but it'll do.
Overall: for $200 its a pretty good phone. Def best build quality and physical size of any budget phone. Blows basically the moto G and E out of the water. However, battery life really isn't enough for me (especially since CPU performance must be sacrificed) so ill probably be returning the phone in a week or so (next phone will be the blackberry passport).