It’s not trying to be something it isn’t, as was already pointed out.
Does it say “Bulova” on the dial? Obviously not - I’d think we can all move on past that immediately.
Is the watch obviously and intentionally attempting to directly replicate the Bulova up to and without crossing the line of being
illegal? Of course. In
this context and sense, it is “trying to be something it isn’t.” To suggest otherwise seems an equivocation.
No doubt, opinions differ widely on knock-off/homage watches and watch parts; and there are probably good arguments for why someone shouldn’t care that a watch is a knock-off. But to instead equivocate that it’s in effect not a knock-off in the first place seems an odd maneuver.
Courses for horses…
The only trademark issues I'm aware of were for the Marina Militare watches from way back. I'm not sure if that is what drove the decisions here initially, but outside of those I think your concerns over them are a tad overblown to be honest.
I’ve seen mentioned several overlapping rationales for keeping OF a replica/homage free community. Among them, that such watches are distasteful to some (raises hand), they are a slippery slope toward grey areas of illegal/counterfeit watches and lines must be drawn somewhere with some arbitrariness unavoidable, they’re largely not very interesting (after all, that’s why they’re trying to be something else), and there are other communities where people can go to scratch that itch and OF need not overlap/compete in that space. There are probably others.
As for trademark/IP, one need not worry about
getting to or
losing in court to still prefer to avoid even the spectacle of the threats and leveraging that precede litigation. Should citizen take offense to this watch, both Forstner and Fratello will likely receive letters that are uncomfortable. Letters that will, as we say in the disputes world, make clear that “you may beat the rap, but you won’t beat the ride.” Alone, this possibility of litigiousness may not be reason enough to view dabbling in the space as a net negative, but combined with other independent reasons (like those mentioned above) it just seems to pile up.
Incidentally, all of these considerations against dabbling in this space must have also been on Forstner’s minds - and I could imagine another “homage” watch that might have made it all “worth it,” to them - but this sure isn’t it.