The Selita SW 200 is a 26 jewel movement and is functionally similar to the ETA 2824 and has the same beat rate at 28,800. It's been around the rep world for at least the last 12 months, I bought an Ultimate PO about 10 months ago which was advertised as "Swiss ETA" and it turned out to be the SW200, also bought a Steelfish which was claimed to be ETA but that too had the Selita movement. I would be more than a little surprised if there aren't quite a few of these Selita's around, not that it should be cause for concern, they are excellent movements and are probably more Swiss than a lot of other movements with ETA stamped on them.