Pretty good watch, my nicest one to date. I wish it were more Swiss and less Chinese, but what can you do? Thus far I have no specific complaints about the quality of the material or workmanship. The display is very clear and easy to read. As others have noted, setting the watch is via the scenic route. You have to turn it so that it shows a full moon in the phase display; then lookup the date of the last full moon; then set that day, date, and month on the watch; and then crank it forward to the present day and time.
Update, June 2013: One of the hands fell off from one of the small dials in the watch face. Poor quality, poor craftsmanship. I still like the watch, but now I have to get it fixed. It should last much longer than that without difficulty. One star dropped.