A bit of both - I'll admit to not being able to judge the sides of the case, but if they are like the rest of the case there shouldn't be any worries. Basically, the bezel should have a clear sunburst finish, the case a fainter circular brushing, the side brushed along the length of the case and the rest should be polished (not the observatory, naturally). The facets on the case and bezel should be polished as well - all these points can be viewed on the pictures shown here, bar the sides.
C-case watches are rather quick to show neglect. If the facets gets even slightly worn down, the whole thing looks like a bar of soap
I wrote a bit about polishing in another
thread, but nothing specific about c-cases, I am afraid.
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