It's true. The crown painfully cuts into your wrist. I have a permanent red callous from it. I bought the SS version from Jon, the Steinhart CEO after I haggled him down to $500.
I have to admit I'm a little dissapointed in this watch- quality control is poor, and the design could be better. The dial printing isn't very crisp, the rivets in the strap are crooked, the crystal has no AR, and the Lume isn't really that great- completely dead by the morning. It's about as strong as my 4th gen Omega PO from Trusty.
This was my only non-rep watch purchase of the year and ALL of the reps (12) have higher quality than the Steinhart. It has a great look, and I do wear it, but I have higher standards. The biggest mistake is to think that this watch is a bargain.