I know this is an older thread, but I have to chime in here:

I had the opportunity to fly this thing at a local hobby shop this past weekend, and I was amazed at how well this little $59 plane flew, especially on a pretty windy day! This thing is a steal at this price, the only other plane I've seen close to it in price is a two channel Megatech.

The controller is a little goofy, especially if you're used to standard aircraft radios, but odds are most people buying this won't have that bias. It took about 5 mins for me to get used to the controller and the plane, and after that it was a blast to fly. I'm used to overpowered 3D type planes, so flying something that requires a dive before pulling a complete loop was quite different for me, but still quite fun. I couldn't believe that the little 300mAh battery pack would last almost 10 mins, and that little 7 cell pack really got that prop spinning for some decent thrust. I flew it about 6 times and landed it in a grassy field with knee-high grass without a problem.

The main drawbacks with the Phantom seem to be the weak tail boom and the non-standard electronics, but for the price, it's hard to beat. Looks like there are good suggestions here to fix up the boom, so as long as the electronics hold up awhile, it should be easy to get your money's worth out of it.

No, I don't work for Hobbyzone, or a hobby store, and I honestly thought this cheap little plane was going to be a POS, but I think it's definitely worth the money if you don't have much to spend.

Just my $0.02...