NO Way. The data play may sound good, but you are still 2 generations behind the 4S. The 3 megapixel camera is not that great (at night).
For that price, it had better be a 32GB unit. I don't know why LIME has chosen to accept Apple's outdated units and "tek wi fi eediat".
Then again, it'll run iOS5, so it sounds reasonable until I realised that after you finish paying for the phone, you'd have ended up buying a brand new factory unlocked iPhone4S for that price.