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My take: oversized, overpriced, until quite recently bad movements and only made into the mainstream because of Hollywood (e.g. Sly and Schwarzenegger).
After surfing the hype wave for a little while, the prices are going down.
With so many cool watches out there, I wouldn't waste my money on a Panerai.
Two words: Brooklyn Bridge
This movement in a 5K watch....
Even a Seiko 5 with a 7S26 looks better and cost 100-something...