Did you buy the watch from a retailer who did not offer a warranty. (Seiko, retailer, third party, etc.)
I just checked my old records.my watch was ordered on 4/30/11 from a store which offered a one year warranty, I have 4-5 other watches, so I don't need this one for everyday (but was planning on using this one for casual wear, canvas band and all). I have a Seiko Kinetic Auto Relay that's going on 11-12 yrs old that's still going strong, so it's not like I dislike Seiko.
I doubt it's really worth it for me to try to repair it for now, so it will just be put aside. My favorite is the my Citizen Eco-Drive Minute Repeater, it is accurate within prob 5 seconds in a 6 months period (which is really good).
Others may have good experience with it, mine just didn't work out -- that's all.
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