The good; for an actual divers watch, and solar powered too, this watch is well worth it.  It's big, clunky, and heavy but not terribly so.  The ring around the watch is angled and even though it's the largest and tallest watch I own it doesn't snag on cuffs, even with a coat that has knit cuffs.  It's typical quartz accuracy...significantly more accurate than my Omega automatic that cost 4 times as much.  It's also a spectacular looking watch on the wrist.  The luminescence of the dial is excellent, indeed Seiko is famous for it, and will last 4 hours or more with a 30 second blast from a strong flashlight (I would just make the dot on the dial bigger).  The minute and hour hands are very distinct and easy to make out in any conditions.

The nit picking; out of the box there was a slight problem.  Nothing big but it jumped out at me...where the watch band attaches to the watch, there are thin stamped steel covers (not solid links like many watches).  One of the covers was loose and looked bad.  I took the band off and fixed it, but it was still a mistake.  Others have mentioned the screw in parts aren't so great.  As a lifelong machinist who has threaded thousands of things it bugs me.  The top one keeps coming lose.  They seem to almost gall.  Hopefully they're wear in and not strip like what happened to another reviewer.  Also, like another reviewer mentioned, the extendable wetsuit piece on the band seems rinky dink.  I'd be afraid to use it.  Unlike another reviewer however, I have no problem deploying the extension.  There's a trick to it.  Once you get the trick it's easy.  The chronograph hand is very thin and the luminescent triangle on it is small.  It's hard for someone like me to see and I have 20/20 eyesight.  The small chronograph dial that tells you how much time has passed in minutes is also very small and hard to see and depending on the time of day, you may not see it at all.  There's a large amount of glare that comes from the glass itself...more expensive watches have an anti-reflective coating on the inside of the glass, but I suppose that's what makes them more expensive.

Overall given the price of this watch it's a very good watch...especially since it's excellent at doing exactly what it's supposed to do: tell you what time it is.  The fit and finish could be a wee bit better, and that's comparing it to other Seikos half the price.

UPDATE; It's been a little over 7 months since I first set the watch, synchronized to an atomic clock.  She's still within a second of the actual time.  Phenomenal.  Many of my watches are self-winding and it can be annoying having to set a watch after letting it wind down.  This is now my go to watch since I know it's going to be accurate and running.

Also, the screw in parts have actually worn in, and are just fine now.

UPDATE #2  I almost lost this watch yesterday.  One of the pins holding the links together just simply fell out as I was walking down the street in a city.  I think Seiko has to work on their fir and finish better.  I would have been heartbroken if I had lost this watch.