This watch may be a lot of things, but black isn't one of them (at least to my eyes under most lighting conditions).  The gunmetal finish looks more to me like a very dark brown or dark bronze brushed metal look with a hint of green under some light.  I wanted to mention this because I hadn't seen that referenced in the other reviews.  And because, although black goes with everything, brown doesn't.

The band may be a little light (as mentioned by other reviewers), but it certainly doesn't feel cheap.  The only issue I have with the bracelet is that the closure doesn't have a particulary reassuring snap when it closes, but that may be just my watch.  Overall, the feel of the bracelet doesn't quite match the quality of the watch itself, but the color of the band is an exact match for the watch which lends to the "cut from a single piece of metal" high quality appearance.

Also, your mileage may vary, but the second hand on my watch doesn't hit the markings exactly, although it's better in this regard than my old Luminox 8401. To be fair, I saw the same problem on some definitely authentic Tag Heuers in the $2000 price range, so I guess this is how "Swiss Made" is shipping nowadays, at least in the sub-$3000 price range (the $3150 Breitling Colt I looked at was perfect in that regard).  It's a little disappointing, though, since I've seen $50 Casios that manage to get that right.  This isn't a deal-breaker for me, but it might be for some people.  One other note about the hands.  They're really wide.  This would aid visibility in the dark and/or when diving, but the rest of the time, they're almost so large that for me it affects how easy it is to read.  The hands on the chronograph version are easier to read, but it's another $200.

Given all that, the watch does look and feel like a bank vault, very solid, very high quality.  The lume is amazing.  With a decent "charge", it can probably cast shadows.  Also, the lume is applied to the main mark on the bezel and all the minute marks up to "20".  A very nice touch.

UPDATE 4/29/2013:  It's dead.  I bought this watch new from an Authorized Dealer less than a week ago.  This is frustrating to say the least.  It's possible this watch had been in their inventory for two years and the battery just happened to give out, but that seems unlikely.  I will add more updates after I talk to the dealer.

UPDATE 2 (later on 4/29):  Well, the dealer replaced the battery, and three minutes later, the watch stopped again.  So, it's not the battery.  They're sending it to their in-house service (qualified to work on Rolex, etc) to see if it's something simple like a bad contact with the battery.  They said if it's simple, they'll just fix it.  Otherwise, they'll replace it with a new one.  It will be a few days before I hear back, and I will post an update then.

UPDATE 3 (5/3/2013):  The dealer said they would let me know within 48 hours, 72 at the most.  Today is Day 4, so we're coming up to 96 hours and still not a peep from the dealer.  From the original discussion, they want to treat the sale as final.  This is why brick and mortar will die.  Higher prices and inflexible return policies, even on an expensive item that lasted less than a week.  If I had bought this from Amazon or one of the watch sites available through Amazon, e.g. Princeton or Jomashop, I wouldn't be having this problem.

UPDATE 4/FINAL (5/4/2013):  Dealer's service person finally checked watch and determined it was in fact defective.  They wound up giving me a store credit which I used to purchase a different watch (a Luminox 8154 Ultimate Seal).