I've been kind of curious about these too, mainly because they use a real LED display rather than the LED backlit LCD displays that are found on almost all "retro" LED watches like the LIP revivals or the zillions of retro LEDs that you see on eBay. Also, these are available in a variety of colors - red, blue, green and yellow (purple would be nice).
It looks like at least the display and possibly the module is the same as that used on the Modern Watches LIP knock-offs that Ed reviewed a while back - can anyone confirm this? If so, then at least the display uses a wire-bonded type construction with discrete light emitting diode elements. Ed describes the display as "gloriously bright, like an early Pulsar or Hamilton on steriods!!":
http://www.thedigitalwatch.com/Archives/MOM_006.htm
From several of the photos that I've seen it looks like the positioning of the diodes is a bit imprecise. Also, it would be nice if the display used a colon between the digits rather than a dot. Still, they seem like they would be worth checking out and could be enjoyable for the color and brightness alone.
If someone has one of these and could post some photos, that might be interesting. It might also be useful to know if the modules used in these watches can be used in older style cases without too much modification. Would it be blasphemy to attach a couple of reed switches and retrofit these to old Pulsar cases? A retrofitted Pulsar's still better than a dead Pulsar, right?
-abe.