Mine arrived today. Love it, and I can finally retire my old faithful SHC041.
It came in a white Seiko presentation box and outer box, with swing tag, booklets, and protective plastic all in place. Interestingly, the charge gauge indicates it arrived with about a month's worth of power reserve (20 seconds on the gauge). There was also an empty 4" x 6.5" plastic (non-ziplock) bag in with the watch, which makes me wonder whether it had been previously removed and replaced in the box. Meh, I've used the bag to hold the three links I removed from the band.
Speaking of the band, beware if you remove links yourself. This type of bracelet uses a pin and collar system, and if you're not careful you may drop one or two of the tiny collars without even noticing. Ask me how I know! If you're unfamiliar with this system, do a little googling before you start pulling things apart - I could have saved myself ten minutes of searching the carpet for wayward collars if I'd just done some research first instead of charging in unprepared.
Finally, the paperwork included the Seiko international warranty card, but of course it's not completed by an authorised Seiko dealer (it's not filled out at all), so technically there's no warranty. Which begs the question: if an unscrupulous owner was to fill out the card themselves, do the service centers ever actually check where it was sold?