well i have the 312, so just a different dial and a brushed case. everything looks pretty good, but if you want me to get picky ... here's what i see. first off, i agree with chad. the "luminor marina panerai" font is too bold. the date window sits too far left, but i think the date font and color is good. the crown doesn't sit as close to the case. regarding the lever ... it doesn't sit as close to the case and the shape is too sharp. it also doesn't sit flush with the crown guard (like the latest chrono versions). the "reg. t.m." font on the crown guard is wrong. onto the back, they did a good job on the caseback and engraving. you obviously can't rep their in house movement, but they did a nice job with the rotor and it masks most of the movement. the movement should not be decorated though ... it should have just a plain brushed look. again, everything i mentioned above is very picky. and if the 312 looks as good as this upon release, i will pick one up for comparison. please feel free to add to my pickyness, agree or disagree. all the best.
p.s. anything i didn't comment on is because i think it is 1 to 1 or very close. see stock gen pic below for reference ...