I have worn many different watches over the years, and there is no question about this being the best.  In a lifestyle that includes outdoor work and water sports, this Timex watch holds up to any activity or abuse.

Pros:

Comfortable, lightweight.  Rubber watch band is easily adjusted.
Accurate.  A couple of seconds off a month.  More accurate than your friend's fancy designer model.
Easily set.  Very intuitive.
Easy to read, daylight or at night with the Indiglo.
Great value.
Plenty of functions: time, chrono, alarm, timer.
Well-styled: Wear it to any event.

Con:  I wish the bands were more durable.  My wife and I both wear this model (another example of how comfortable this watch is) and we have learned that after a year or two the band will crack and fail.  Recently I called Timex's parts center and ordered several bands to have on hand.  No, the watch is not perfect, but I have learned this is a reasonable trade-off for other great features.

I use this watch to time my splits when I work out on a track.  Here is where you'll notice the versatility of this watch.  It displays lap and total time simultaneously--one in larger numbers than the other.  But you can decide which time will be displayed in larger numbers.

Bottom line: a great product.  I wish my other gear and electronics functioned this well.