When I need a compass I don't need a pretty watch. It is definitely a good looking watch but I would rather have a military issue compass with tritium (around $70) and a $200-$300 Luminox. On the other hand, why be so practical when you can get a new cool gadget?
I saw last night in International Watch that Luminox also has their first Automatic coming out soon. It is listed on that same gemday site. Looks very cool (IMHO).