I'm done with mine. Had it for around 2 months and it's just not usable as an everyday phone.
The biggest problem I have is with the battery. I get at the very most 1 hour of web browsing before the phone shuts down. That simply isn't good enough. The other day I went to an exhibition and started the day fully charged. I took about 15 photos there and was on whatsapp for about 10 minutes before it shutdown. I can't live with that. I got rid of my last phone (HTC One X) because it was 2 years old and the battery had got to the point where it wasn't lasting me long enough. Despite how poor it had got, it still lasted twice as long as the Umi!
Even more annoying is I just don't know when it's going to shutdown. Sometimes it does it at 30%, other times at 50%. The few times it's actually got below 30% it is losing about 1% for every 5s the screen is turned on once it's past 30%. I've tried several battery calibration apps but none of them have resolved the problem.
My battery has swollen now and there is a gap between the frame and the back cover. It's only a matter of time before it forces the screen off. With all the other problems the phone has, it's just wont be worth replacing the battery or cover.
I've come to the conclusion that UMI have honest intentions but they just don't know what they're doing. They've released so many stock ROMs and it doesn't feel like they have any idea whatsoever how to resolve their issues (reboots, battery, poor signal, MAC issues etc...).
They've now got 2 new phones coming out (Hammer and Zero 2) and I very much doubt we'll see any new ROMs. Perhaps a few more customisations (there must be some they've missed!) but none that actually fix the major issues with the phone.