This is a great watch for the price.  I cannot speak for longevity as I have only had it a few weeks, but it looks very classy and not overkill on "bling".  It is nice and dainty and I love that it actually has marks for all 12 numbers, whereas most smaller dress watches do not.  It is easily adjustable without a jeweler.  The extra links simply snap in or out.

**Update to this review- still wearing this watch daily over 2 years later (now September 2012) and it still looks great and works great.  I am pretty tough on jewelry and am impressed that this has held up so well.