So I started this thread like two years ago and guess what? I never bought the Omega.
I've been off Dweb for ages, but a problem with my Disco brought me back today (problem solved, BTW).
Anyway,
I'm getting a Planet Ocean 45.5mm for Xmas (maybe late Xmas) as my wife told me I have to wait for a particular deal to close. I have narrowed it down to a couple authorized dealers on the East Coast who will give discounts in the 30-33% range.
lucasd2002 - in your Xmas budget, for a new watch, I'd check out Zeno. I don't have one myself but I have spoke with several watch fanatics who absolutely love them.
http://www.zenowatchbasel.com/
Several to be had in your price range.
Best of luck.