It definitely qualifies as an excellent watch for the money. If I hadn't already spent my watch budget down to zero, I'd be looking hard at some of the hacking models. For a while you could get the OS GMT model with the hacking movement for under $500 from OrientWatchUSA, but not any more.The WZ0011EV on page 1 is my favourite Orient Star - I love the cream dial, domed crystal and blue hands. I believe it's no longer produced and it's a bit smaller and doesn't hand-wind like the current models, but for $370 I don't think you'd find better value for money in any other watch anywhere, especially with such a nice quality solid link (including end links) bracelet. If you like it, I'd grab it while you still can.
I just bought a Tissot Le Locle. It's ridiculously gorgeous. Can be had for under $500. But beware fakes if looking on ebay etc. The other really great option is the Hamilton Jazzmaster Viewmatic. Fantastic watch by all accounts. Can currently be had on Amazon for $409. My next watch. Then there's the Mido Baroncelli. Have seen that listed for just under $500. All automatics. The Le Locle and the Viewmatic are both available with a black dial too.
Here's a good thread with some pics of the Le Locle: