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[kqlnut]

Yes, it is indeed, for sure not acceptable for everyone. It's enough for me at the time since I don't rely on my phone for work, but there definately are still big shortcomings. Although development has been taking amazing steps in the past months from what I saw. The biggest annoyance for me though is still that it takes too much time for the phone to ring for incoming calls during deep sleep.
I'm not sure how other distros compare at the moment, but at least the last issue is distro independent (at least for the ones using Modem Manager).