Things I liked: This air rifle is an excellent value. Crosman has done a great job with the Phantom. Is it fancy? No. Is the fit and finish top notch? No. If you're looking for a solid, functional air rifle that is reasonably accurate (out of the box) then buy it. If you're looking for pretty keep movin'. The Phantom won't win any beauty contests and the trigger leaves much to be desired but for $80.00 you can't expect perfection. That aside however, being a Crosman you can get parts easily and there are plenty of good upgrades (trigger, scopes, etc) available that will make this an excellent choice without breaking the bank.
Things I would have changed: The factory trigger has a pretty substantial pull. A quick visit to Charlie da Tuna and the trigger problem is solved. The factory open sights are plastic which for $80.00 I fully expected. A Leapers mount and scope will fix that.
What others should know: Out of the box this baby is pretty rough internally. If you're mechanically minded as I am a quick tune does wonders for this gun. It won't turn it into a $500.00 rifle but it will make it much more pleasant to operate and shoot. The factory open sights aren't terrible but they are pretty flimsy; be careful and they will work. Just don't expect pinpoint accuracy and consistency. Overall this is a pretty good air rifle that with a few cost effective upgrades can be made into an excellent air rifle.