I have had this watch (in all-silver, which they very sadly don't seem to make any longer) for over 10 years, and I was very disappointed to find my exact watch is no longer available.  It is so easy to put it on and take it off, thanks to the stretch.  I am a bit of a germaphobe so I wash my hands a lot, very frequently getting some water on my watch, but I've never had a problem with water damage.  I think it looks great whether I am in comfy clothes while cleaning the house or dressed up for a job interview or wedding.  It's simple and classy and never overpowers.

Actually, my current watch is my third of the exact same watch.  The older two (each of which I had for easily 3 or 4 years) only needed to be replaced because I lost a link and the edges of the remaining links rubbed.  I have had no problems with my current watch so either they fixed the issue or I was just really rough on my watches back then (I was in high school and college so that could have been it).

I should add that the only reason I am replacing my current watch is because I happened to notice crud built up on it and in the links, and after more than a decade out of a $20 watch, I am okay with the expense.  I HIGHLY recommend it, and think it is a fantastic value for the cost.