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@GA2G
Wildfire is good, but I'd compare it against the LG Optimus One P500. As a budget phone its pretty well specced, and comes with Froyo 2.2 (and upgradeable to 2.3). The Wildfire is upgradeable to 2.2 (now actually). The trade off between the Wildfire and the One P500, is that the Wildfire has twice the memory for apps, but a lower resolution screen.
Don't confuse the LG Optimus One P500 with the older LG Optimus GT540 though, as that spec is quite a bit lower.
Wildfire still edges it, unless the updates in 2.3 are important, like NFC.