i got the Moto X on Friday just to try out. I'm coming from a S4 GE, so I'm already on stock Android, but I was intrigued by the value added features Motorola is adding to stock. The more I use this phone, the more I like it.
The active notifications and trusted bluetooth are one of the best features aded to Android. I had thought the touch less interface (ie. "Ok Google Glass") was going to be gimmicky, but it's been invaluable when driving. In addition, the Moto X has the best bluetooth stack I've seen on a Android phone that is not at v4.3. Mainly, it gives track information on every app I've used (Songza, Rdio, Pocketcasts).
As it has been mentioned in this thread, performance has been great with no more lags than my S4 GE (which was very few) It certainly seems like Motorola has relay optimized the hardware/software to get the best performance. It shows that well developed software does not need bleeding edge hardware to achieve great real world performance.
Battery life has been solid, but not quite what was advertised (but I need more testing to confirm that) The camera is as good as expected based upon reviews (not spectacular, but very solid and it could get better with software upgrades)
The size is one of the Moto X's best features. It feels great in hand and can be used one handed, but it still has a 4.7" screen. Speaking of the screen, it's not as spectacular as a 1080p screen, but I can't say that I really notice the difference that much.
The biggest detractor is the price being the same as the HTC One and S4 on contract (the off contract price is cheaper than the ATT and GE S4 and is cheaper than the GE HTC One) but I see the Moto X as being at the same level as the HTC One and S4 in regards to real world usage. Seeing as how I find the combination of stock Android with the great value added features of the Moto X far superior to Sense and Touchwiz (and even stock Android) the Moto X was an easy purchase for me to make and one that I am not disappointed in. I'm also curious to see how quickly Motorola (and AT&T) update the Moto X to 4.3. If it takes forever that will give me more unease than the specs.
I would not simply dismiss the Moto X just because of the specs. I find the day to day usage to be the best of any Android phone I've used to date. That being said, it's just my opinion and you should certainly try the features to see if the Moto X is worth it to you