That's a LOT for a Smartphone. Here in the US, we would get a decent Surface Pro 3
But I guess, it's all relative. I had the 1020, but then I wanted the faster phone and the one only one out there is the 1520, which I bought on Craigslist for $320 from another owner. I personally did not see much difference in the speed and the advantage of the quad core processor. But then, that's probably because I do not play any graphic intensive games.
Also, personally, I think one must use a BT headset with the 1520, as the phone is way too big to put it to the ear. I would feel silly doing that.
The screen on the 1520 is out of this world and it's great to watch videos. The camera is also amazing, but then it's a step down from the 1020.
Over all, the phone is great and if you really love BIG screens, then yes, this is a great phone. But for getting the job done, 1020 is equally good if not better.