Ramanan,
Though I have driven cycles during schooling and little bit in the college campus, I have little (read no) experience with bikes to write about different attributes and especially the comparison amongst the contenders. I see some of the postings with such a detail in this group, I am not sure I can write a extensive review of those kinds. Please feel free to write to me if you have any questions, or wanted to take a test ride.
I have decided on a Hybrid based on my requirement. Since this is my first bike, I wanted to buy a descent one but not too expensive ones. There are very few hybrids choices at that level.
The things that attracted me towards this one were.
1. Light weight. After flipping open the lever of the front wheel, it is so light - it is amazing.
2. Shocks - lockable. When on straight roads you can lock it and unlock when on terrains. RST - pretty impressive shocks
3. 28 - large rims and 48t cranks. This is very impressive. You pedal once and it fires like a bullet on a flat bed.
4. Trek / Merida / Cannondale equivalent were too expensive and did not have all the above attributes together.
5. 3X8 gears helps very granular control in retaining your rpm irrespective of the gradients. It has C201+Alivio deraillieur which is considered on the better side in the scale of Shimano. Shifters are simply fantastic.
6. Braking - V Brakes - I found this is reasonably good. Many times it stops abruptly while breaking and I need to get used to it. It has finer control and replacing the shoes should be easier too looking at the mechanism.
I have only shop tested other bike equivalents and don't have road experience on them. If your requirement matches mine, then you would deftly love this bike.
There is one side stand(light weight) plus an Allen key :) given as freebie and got a five digits rope lock - together costed 16,450 at RR cycles in Ulsoor.
~JAK