I'll divulge a little more about myself in this post than I normally do because the topic of watches and what people's opinions on them has fascinated me over the last 20 years. The reason being is that in my line of work, the opinions and experience truly run the full spectrum.
For just everyday use in which I'm just doing normal human stuff, but never know what situation I'll get into, I prefer a analog for use as a compass in a pinch. Been wearing a St. Moritz Atlas the last few years. Got it for about $80 I think. Titanium case, LARGE easy to read luminous dial, water resistant with a screw down crown. Nice features for what you pay. What I mainly look for in a watch is this:
Cheap enough that I'm not going to be over-conscientiousness in wearing it, yet it is reliably functional for what I need it to do. In other words, I don't want even a millisecond of second thought about my damn watch if I have to grab for a ledge to keep my ass out of a crag.
I had to wear bulky "tacti-cool/highspeed" watches out of necessity for work for too many years. So, now, I dislike the pretentiousness of those watches for everyday wear. The Atlas is nice enough for any type of daily, routine
sheeple activity, yet tough and practical enough to take in the field. I've had this watch in all kinds of climates and environments around the world, and it has never missed a beat.
http://www.st-moritz.com/pages/products-models.php?family=Atlas
Been a really good watch so far. Replaced my $30 Timex that lasted about 10 years with it because I didn't like any of their new offerings. The only thing I've added to it was a Maratac silicon watchband from County Comm which I highly recommend to anyone that likes resin or rubber watch bands. They are absolutely fantastic:
http://www.countycomm.com/silicone.htm
Another watch I still have that has been running for 12 years now without a hitch has been a
Seiko Kinetic. It is a dressier watch, so I've never worn it in the field for hikes or anything, but it is one hell of a tough watch. I do dignitary protection work and it has survived everything from TSA handling (which should be a torture test requirement for anything in my book) to riding in and on military transports owned not only by the US, but other countries as well (some of you know what I mean).

I've been amazed at what it has taken. Looks a little worse for wear, but is still nice enough and it keeps time with the guys who I sit next to on some of those transports who sport watches costing 10-20 times more. For some reason, many guys in this business are complete watch freaks and spend thousands on watches. They will sit around and compare them for hours at "choir practice" afterward, but my Seiko is as tough as they come IMO.
If I had the luxury of knowing I was going to a bad place and knew I was going to be in the "chit" for quite some time, I
might invest in a Casio Mudman beforehand if I wanted to try a digi. It is the only one that interests me. I'd still put the Atlas or Seiko in the kit as a back-up, though. I just find the MM too big and bulky for everyday wear.