912 in Germany will be around 330 €, and what I read about the FW from german beta-tester "Dolansky" it seems to come close to what they promised with the release of 903 last year. Unfortunately it can't offer a Pearl display, but from all things I've seen about M-Series I'd go for a PB.
BTW, 912 is nearly identical to 903 (only difference is missing UMTS slot in 912) which is on sale in Germany for a little more than the 912:
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