The dial is slightly more dressy, you could say, than has been traditional for the purest members of the Mark series; there's a slightly recessed circle inside the minute track and sunray brushing on the dial but overall, the only thing keeping it from being basically a drop-in replacement for the Mark XII, which was also 36 mm, is the slightly more ornamental dial and the hands. I personally think that such a simplified version of the Pilot's Watch Automatic 36 would be a huge hit amongst the enthusiast fan base (and after all, a dial's fairly easy to change, so here's hoping).

Check out IWC.com to see the existing lineup, and keep an eye out here for more updates as we get closer to the big day. The price for this one should be well below $5,000 as IWC continues to drive back towards its roots of moderately priced, well-designed tool watches.

UPDATE:

The starting price for the IWC Pilot's Watch 36 mm will be $3,950.