Not bad 7fiddy. It's a quartz I'm assuming from the chorograph pusher.
Yes, Seiko's are great watches, no matter their price. If you really want to check out some of the better offerings from Seiko you have to look to the models not offered in the states. Take a look at this site:
HIGUCHI-INC
Higuchi san is an awsome dude and has the "best" customer service around. His English ins't the best, but he'll treat you right. I've ordered from him several times and I've always been more than pleased. One thing to consider, non-US models can't be serviced here in the states and so you have to either contact Higuchi san directly for help or contact Seiko International in NJ for service, but with the prices of most Seiko's you can just throw it away and buy a new one, but since Seiko's run like champs you really don't ever have to worry about servicing.