V2 is excellent, just needs some work on the bezel insert. True V1 has problems with delaminating crystal, happy feet logo, non-functional bezel lock, 1-piece caseback, slipping clasp - all issues that were fixed on the V2, but the lume is applied to the base of the bezel on the V2, not the back of the bezel insert like the V1, so the numbers look less white than they should. It doesn't bother some folks and it's not a big job to fix (unless you ruin the insert).
There is also a V1.5 that has most of the big issues with the V1 fixed and is less expensive than the V2 - some think this is the sweet spot with this rep.
It's a big/heavy watch - I think that's the only reason some folks don't like it when they get one. If you are OK with the size/weight, it's a really terrific rep.