I've had mine for ~ 4 years. Very solid watch, light weight and does everything it's supposed to do well. I just saw it on Target.com for $130 and I think that's a terrific price for a watch of its abilities and a cheap way to enter the fitness watch market.
It doesn't store music or have any pay features but if you don't need those features and you're just looking for a tri watch it's a great choice.
The only drawbacks I've experienced is that rarely (2x per year) it freezes while charging and doesn't seem to awaken easily and a few times it would record my last activity (store it in it's memory) but wouldn't display it on the face of the watch. Not the end of the world and these are common enough issues that a quick google search yielded a solution.