I voted 'no' because for me, $500 + Seiko = SARX015
Hoever, the Premier line of watches are really nicely built. They were silly-expensive when they came out, but if you can get a good deal on one now they're well worth it. The Kinetic 'direct drive' movement has a neat little party trick to keep you interested....watching the little PR meter rev up and down when you wind it is cool.
I'd take it in a heartbeat over the Tissot.