I think the more important general observation is to say: Look at how Chinese manufacturers have impacted the Android market and forced a number of otherwise high-end manufacturers into a whirlwind of direct competition. The result? A far more competitive midrange market top to bottom.
The high end still belongs with traditional powers (because people are still willing to pay more for what they consider a "premium" brand. But in the middle, where there's (sadly) HTC and (increasingly) LG, manufacturers like Huawei, Xiaomi, ASUS, and now Lenovo (by way of the Motorola brand), are creating so much value that it's a veritable smorgasbord of great phones.
I can only hope that these manufacturers who are willing to take a chance on Windows Mobile actually end up growing the OS to the point where it draws in higher-end brands also.
So, for our sake, I hope China and India love this Elephone handset...it might prompt other OEMs to jump in and make more handsets....which is what MS wants and what we should want also (if we ever want to see the OS grow)