Beats the shit out of my 404 specials! Of all the "luxury" brands, Omega has a spot in my heart. Every ounce of "luxury" marketing turns me off hard, but for some inexplicable reason Omega gets a pass from that aversion.
When I buy/help buy cars for people, a lot of time they come to me thinking they want such and such a car, and just want validation. I would never buy a Prius, but if someone is dead set on it, the best case scenario is that I hurt their feelings telling them how the brakes are inconsistent and vague, the steering sucks, there's obviously no performance of any sort, and the same fuel economy can be had in myriad other, better cars. If they just want validation, the best I can do is validate them.
If you're seeking validation, it's a solid workhorse movement in an attractive case from a storied brand. Like others posting, I also feel there's a lot of the price tied up in marketing. While there can certainly be value in that that some may find hard to validate, it is value. I forget the exactitudes of the economic theory, but there's value in having a coveted good. If the value proposition for money works out to you, then it's a great watch for you, and you should pull the trigger if it makes you happy to do so (while also not pissing off any significant others maybe?).
What is it about the watch that you like exactly? Mayhap the same attributes exist in something without the brand premium. I've got a 2824-2 on my wrist right now in a case that I think is unique, has historic ties, from a (once) storied brand, and looks awesome with awesome functionality beyond what you typically find in a 2824-2 powered watch. I paid about a quarter the price of the Breitling new.