I've only had this watch for two days, but I'm in love.  This is one of the cheapest automatic watches you can buy.  Needless to say, I wasn't expecting great accuracy - Was expecting 1 or two minutes per day loss.  What I got was less than 15 seconds per day, straight out of the box.  The black band is a bit thicker than I was hoping, but thats not a problem, I have a NATO style strap coming in the mail to replace it.  The entire watch screams a higher price range than what it actually cost.  I was considering purchasing a similar styled (face, larger size) LACO type B - I may have to not purchase that since this watch more than scratches the itch I had.

Pro:  Cheap automatic, high quality, looks great, small watch for small wrists, lume is bright, 5 ticks a sec is sexy!

Con: not as accurate as higher priced automatics, watch band is a bit stiff, setting date/day is a bit unintuitive but after a few tries you'll get it - read the instructions.  no really.  read it.