I left out a few things in my unscripted review, so here are some additional comments:
Android: This runs Android Lollipop 5.0.
Wifi: Excellent. I was able to use Wifi while pooping at the toilet, which my LG G3 failed miserably.
GPS: Very reliable, I can get GPS lock in 2-5 seconds.
Call Quality: Can call out. Can receive calls. Voice is clear.
MicroSD: While the official spec sheet lists support for "up to 32GB", I could use my 64GB card with no problems. The trick is to format the card in FAT32.
The ROM I'm using is called Limonchelo. Here's my tutorial on how to flash this ROM: https://www.youtube.com/watch?v=g4PQqRXSUa4
XDA: http://forum.xda-developers.com/android/development/ufficial-thread-lenovo-k3-note-t3102997