Ok I never thought I would but I felt for the 127, and just got one of these XFs on M2M this week.
1rst, talking about the Fiddy in general, I must admit I like more than I thought that "new old school" design, although not being a fan of old timers with domed crystals and all at first. The 47mm sits comfortably on the wrist, and looks great on mid-size wrists like mine (the 46mm Navitimer World looked like a kitchen plate on me for instance).
Talking about this XF, it's very well built and overall this looks like a nice iteration of the 127. I don't like the rep strap so an OEM one is in place as we speak (rep one on the pictures).
To me the down points so far are the gap between lever and CG's body, and the lugs being too sharp/pointy for my taste.
Regarding the case, here are more shots of that upper lugs/case finishings discussed earlier in the thread :
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