The genuine blue Schumacher is the platinum version, costing over $100k.
It could be difficult for most enthusiasts to pull off the watch. The titanium version is the entry level version, although it is by no means cheap in any way.
I have eschewed all models of this rep series because the dial color bothers me. I have seen the gen, and the rep dial is a dead giveaway.
However, I agree with pcardoza that as a watch, it is certainly a very nice looking one. If given a choice, I would also have chosen the blue one over the titanium one, just because it is a lot less common.