At first I thought it might be clunky on my wrist with all these bands, but once I got it set up and adjusted correctly, I realized it was extremely comfortable.  The colors are great and it feels very sturdy.  I have it with a Vostok Amphibia with the Orange Diver and it looks great.

-6 months (almost) followup.  I love this thing.  Looks the same as the day I got it and I wear it every day.  Colors held up, Material has 0 frays.  I am ordering another one for my other larger watch as I bought a NATO one for it and it's falling apart and I barely even wear it.  This ring design is so much better than the normal NATO imo.