I think T1 is a good machine, you cant expect a small DC have F2.8, because it is aiming to a different market. All it need is to beat all silm size camera, if you want to compare, please do so with a similar class DC, every camera have it own advantage and disadvantage.
I can take acceptable pictures at night with the build in scene mode, only when not using flash, otherwise the picture will goes red but u shouldnt expect that much.
Of course it is expensive, but thats because its a sony