The watch is sturdy, compact, and appears to be very accurate.

Positives:

1) Readability is excellent and enhanced by the stark contrast between the black dial and the white numbering.

2) Illumination is strong after moderate exposure to sunlight.

3) Easy to set and adjust.

4) Day and date window is a strong positive factor.

5) Interesting aesthetic value in being able to see the mechanism in action from the exposed back.

Negatives:

1) The band isn't high quality and is quite uncomfortable. Since the band is easily replaced (with a nice military strap)this factor presents a negligible weight against the value of the watch. More of a stylistic deficiency than anything else.

Neutral:

1) The watch is smaller than what is commonly sold in the United States, a bit bigger than a quarter. For some, this may be a problem. I find the size to be a positive factor since it means the watch is light, compact, and will not get in the way.

Accuracy:

After three days of persistent wear (recent purchase), it has been within +/- 1 second of the U.S. atomic clock. The watch is simple and, to date, appears to be reliable.

NOTE: I will be updating this review in a month. For the moment, 5 stars.

[UPDATE: 2/22/2012]

As stated previously, the accuracy of this watch is impressive. Having worn it consistently for the past two weeks, it has kept within +3/-3 seconds of the U.S. Atomic clock.

As for the size of the watch, I mentioned that it was a bit larger than a quarter. This is technically inaccurate as the watch measures at around 36mm from one end of the  bezel to the other. However, the dial itself is roughly 29mm which is only slightly larger than the 25mm diameter of a quarter.

This is not a hulking watch. It is very compact and unobtrusive, and relatively small compared to what one might be used to. I have since replaced the band with a leather Swiss tech strap as suggested by one of the other reviewers, just to give the watch a bit more of that "pilot" look.