AT&T and Pantech are taking "mid-range" to a whole new level with the Pantech Burst.  Available on January 22nd for $49.99, the Burst is a 4G LTE smartphone that packs a 1.2 GHz dual-core processor, 4-inch Super AMOLED display, 5-megapixel camera with 720p HD video recording, a front-facing camera, 1,650 mAh battery, and Android 2.3.5 with Pantech's UI.

For the price, you can't beat the features, but it goes up against some other well-spec'd mid-range phones like the HTC Radar 4G and Nokia Lumia 710.  Is it the must-have device?  Part 1 of 2.