Yeah looks pretty cool man If its got a torque converter and all the bugs worked out so it rides/stops awesome, I think its worth that price. (but if it just had a centrifugal clutch, maybe $300-$400 range)
I know. Using a phone is not the easiest. I have a Nokia N95 8GB phone, and the screen is reasonably big, but I still have to scroll from side to side, and it is not the fastest eather.