How is Omega's brand strength these days?

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I have been out of the Omega collecting scene for many years. Are Omega's recent developments improving or decreasing their competitive edge and brand strength with the likes of Rolex? I have always known the vintage Omega community to be very strong. However, can the same be said of Omega's modern pieces? Do Omega's modern pieces attract a strong cult following?
 
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Omega could make a plastic quartz watch and no one would notice.

175 years and a lot of inertia keeping it going.
 
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2nd top selling Swiss Brand last I checked.
 
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I thought Cartier overtook Omega for second place a couple of years ago. Either way, Omega is one of the biggest players in the Swiss luxury watch market.