There are a couple of things I do quite like about this watch. The firm uni-directional bezel ring that is never accidentally turned. Also, the relatively smooth sweep of the second hand is a neat feature for a watch in this price range. The watch seems well-built and the band and case feel like they'd hold up to a fair bit of abuse.
On the other hand, as others have mentioned, this is a hefty watch. There's a lot of steel here and it makes for a lot of weight on your wrist. If you don't find that appealing, this watch isn't for you. Also, in contrast to the bezel ring, the dial for the compass ring is quite loose and is easily rotated during wrist motion. I've found this to be annoying having the cardinal directions perpetually skewed off-centre. Furthermore, and more importantly, despite the screw-down crown the dial on the left side of the case which turns the compass does not screw down. This seems like a serious design flaw for a watch rated to 200m and I wouldn't trust it for more than a shallow swim. In addition, the scoring on the crown causes the edge of the crown to be quite sharp and can dig uncomfortably into the wrist.
-I've used and abused this watch while doing things like mountain biking, hammering and camping. As a result of some significant force, the (free floating) coiled spring in the movement jerked down and got caught on another internal component requiring a jeweller to dis-lodge the spring. Whether this issue is unique to this watch or movement design, though, I can't say. (Update Dec. 2012: After wearing the watch snowboarding and taking a jarring fall, the watch stopped again. This time, suspecting the problem was related to the main spring, I gave the watch a good firm knock, and managed to loose the spring and set the movement running again.)