there's no contacts list, just the People Hub which brings in your facebook and email contacts. some people don't like this but I love it. I didn't have to enter any of my contacts in when I got the phone . . . I just synced with my facebook and google accounts.
also didn't have to set up my calendar . . . just synced it with google
Thanks for the very appreciated review!
Do you use Outlook at all?
I assumed that Outlook's contacts and calendar would sync directly with WP7 and get imported into both the calendar and the People hub? Is that not the case?