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A classic - an absolute classic
I don't know how long Rolex has been making this model, but mine is a decade old, and I know that the model was around for years before that. They haven't changed it because they have no reason to do so. It is unique and instantly identifiable. You either love the way it looks or you don't.
The Oyster Perpetual Day-Date that I have has never had a single problem. In ten or so years, I may have adjusted it five or ten minutes total. It never needs a battery, and it has only stopped once when I was immobilized in the hospital. (You do have to change the date manually in months that do not have 31 days and change the time when Daylight Savings comes around.) It is quite easy to read. It is also quite comfortable and seemingly indestructible. I have never needed to be careful with it at all. Occasionally, you might polish it, but the color never turns.
You have the option of adding diamonds to it, but I think that ruins the look by making something subtle look too flashy. The Oyster makes its quiet statement, but doesn't flaunt it.
Obviously, the price is extremely high (although not a bad investment - my watch is most likely worth 25% more than I paid for it.) However, as the salesman pointed out, it is perhaps the one thing I look at most each day, and it's nice to see the calm, unchanging face of (to me) beauty.

Elegance and Hardcore Even When the Time Doesn't Matter!
Well, some great reviews ahead of me.

My Sub has survived hundreds of hours of intense sportfishing in the Pacific Ocean, involving tons of watch surface contact with wire, marlin bills, salt, metal, chrome, and so on......then a wipe with the sleeve gets it ready for hitting the bar. I don't mind admitting that a glance at my thrift store clothes, and sandals, and Submariner, has altogether instigated some intimate encounters with premium tail.

Fits sooooo good compared to others. Seems more appropriate to tall men, 6' +.