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I like the Porsche comparison (although I think Porsches are also known for actually working, so the analogy isn't quite there) - i've noticed the same thing myself. Maybe as you get older you appreciate design stubbornness . Or maybe, it's that massive pocket watches on your wrist are easy to see once the eyesight starts going :)
I really didn't (and still don't) like the Panerai brand either so was really surprised when i ended up getting one. I keep toying with selling it as it's not a sensible choice - there's loads of better finished / more reliable / more complicated etc choices out there - but every now and then i catch sight of it at just the right angle and I'm smitten again.
Detritus
@Stonehedge
Do you reckon Panerai is a bit like Porsche? I.e something you only get when you're a little older?
I used to hate Panerai but they keep turning my head more and more...