I'm not really a watch expert, but the kind I've been wearing for over a year, and what I've been happy with, is a cheap Coleman NightSight model.
I've got one of these too and I really like it. It's simple, easy to use and dependable.
My recent favorite is my Timex Expedition Adventure Tech. It's light, comfortable to wear and easy to use. (I have one of the older analog, electronic compass expeditions and it's big and heavy.)