PAM127 & 217 never did it for me but 203 is something else. The colour of the dial, the lack of any wordings above the 6, and the Angelus movement did it for me. The price, however, is insane (I can only predict that the pricing for Panerai will only get worse). I would rather invest on a IWC Perpetual Calendar than this piece with that kind of money. But nevertheless, it is one of the better looking PAMs around.
How could one forget the politics behind the selection of buyers for this watch.... too messy. In some ways, the drama turned me further away from this brand - I shouldnt have let this get in the way about how I feel for the brand but it did. I agree you cant please every Panerai fan with only 150 of these around but I kinda expected someone from the HQ to speak out about this when this issue was brought up ..... I might probe around and possibly ruffle some feathers in the upcoming Panerai event in Nov...