This watch has overall treated me well. Nevertheless, if you live in the city and don't go outdoors often, then this watch is not for you. The compass adds considerable bulk and price to the watch. Make sure you aren't just purchasing the watch just to show to your friends. Try to judge whether it will be useful in your life.

Pros:
3 alarms: useful for saving time on different days. You have the ability to switch one alarm off if you have to wake up earlier or later that day.
2 Time zones: A feature that works well in this watch.
Compass: A feature that once calibrated (must be done accurately and precisely), will maintain its calibration for a long time.
Battery Life: I have had this watch for 3 years and have not noticed any shortages of battery life
Dates: This watch has the unique ability to store dates and name them.
Sounds: I love the sounds that this watch makes for alarms--it has multiple sounds for different alarms, the hydration alarm, and the occasion notifier.

Cons:
Bulk: the watch lacks elegance and is quite bulk. I wouldn't recommend it for small children or anyone with thin wrists--the watch will appear "awkward".
Hydration alarm: Unfortunately, although this is a great feature, it cannot be set beyond 1 hour intervals. Thus, this prevents usage of the alarm at less intense places than a hiking trail for example.
Band: Although many reviewers have already stated this issue, I feel the need to restate it. The band is very low quality. If you wear this watch and get sweaty, the watch band will be brown marks on your skin. It also begins to wear away, especially in water. The watch band is not waterproof.
Compass dial: After less than a year of simple use of this watch, the dial stopped "clicking" as I rotated it. Soon afterwards, the dial came off altogether.

I would not recommend treating this watch ruggedly as you can expect from most outdoor, expedition watches.
Today, given our high expectations, I would not recommend this watch unless it is for someone who truly uses the compass feature.