Purposely sat this one out to see where the comments would go first. Frankly (not looking at sales figures) I'm surprised I didn't find more interest expressed for the drop. Judging from the comments (or lack there of) I'd have to rate the overall reception as no better than "lukewarm"?
Me—I'm on the underwhelmed side. The new Five line didn't do it for me from a design point of view. The upgraded movement was appreciated, loosing the screw down crown was not. Overall the look wasn't different or exciting enough to get me to spend any money.
As an entry-level watch, the price is okay-ish for a name brand--obviously there's plenty of margin to allow discounts as needed.
I'm also not a fan of Green (dial) watches but jumping on that bandwagon was obviously one of Seiko's reasons for introducing that color--along with all the other colors--broader appeal, aimed at a younger audience. There's a catch-all term for that in this business: "Fashion Watches."
A guy could make an argument that most watches are fashion watches, and I'd be hard pressed to dispute it. Don't tell me that anyone really believes any of Rolex's or Omega's "tool-watch" grade tool-watches are actually used as tool-watches! Yes, you can take them down deeper than you can go, but few ever do. Same with the diver-styled Seiko Five watches above. Dive Watches are the single most popular style of men's watches purchased today--at almost every price level. Fashion-dive watches don't need screw down crowns, any more than they need exotic gemstone bezels and genuine alligator straps. Seriously, who's kidding who?
Once upon a time, guys bought diver watches because they were perceived to be more water resistant, and generally a lot more durable/beatable than standard men's watches--in other words, for the same reason some guys prefer pickup trucks to Camrys. Both dive watches and pickup trucks became fashionable after the fact.
So whether your idea of fashion diver is a Submariner, a Sumo, a Monster, an SKX, or even one of the Fives above; get the one you like (or can afford) but don't exaggerate the differences or significance between them--they all tell time, and the vast majority of people who see it on your wrist won't know what the hell it is anyway!
Suddenly I'm reminded of that great lyric in Van Morrisons's "Wild Nights":
"All the girls walk by, dressed up for each other
And the boys do the boogie-woogie on the corner of the street
And the people passin' by stare in wild wonder
And the inside jukebox roars out just like thunder"