How good is a canon 550D?

It is so good that a colleague of mine returned his 7D and bought a 550D and a couple of lenses and had money left over. He likes the 550D better than the 7D. Take a look at the Nikon D5100 when it comes out in April. It is as good as the 550D and can auto-focus in the video mode. .. It may be well worth the wait