Update: mine just died but I owned it for 8 years and ran it all the time. I think that's pretty great for the price.

I just received this as a gift in the black color but it seems to work great. I can't comment on how long it will hold up but will make sure to update this post should the thing die a premature death.

The watch fits into the winder really well and is easy to put in and take out. (I am using it for a Submariner).

Also, the 1 hour / 3 hour timer seems to be working exactly as expected.

As long as this holds up, I don't see any reason why you shouldn't get one.