With the latest Snapdragon processor, it doesn't seem as though Qualcomm is going to relinquish any of its dominating maret share in this space. If anything, adding video capability and bringing 4G LTE to an affordable space within the market should bolster their position all the more.
Jessica Lipsky, I would have to say Yes! To the phone depenency for video but given the article's Snapdragon processing and LTE I would imagine the phone would be capable of video given the power and connectievety represented in that marrage. I am sure that if needed for market share or volume production there could be a lower cost version of the phone without video capacity but (at least in my mind) that would be a step back. Normally handset makers are looking forward both to new technology and more importantly new / added services. After all, that is where the money is!
Most phones display and record 1080p HD nowadays. Obviously a $150 phone is unlikely to have a 1080p display, and your contract may not have enough data to allow watching more than 1 HD full length movie per month...
Interestingly is this is a quad Cortex-A53, so it seems even cheap mid-range phones will be 64-bit in 6 months!