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I'm not upset, I don't own an Omega and I'm not particularly interested in them, just bemused that watches with the same appearance and branding can exist (officially) at two very different price/value points, and I can't work out whether it's going to be a net positive or negative for Omega in the long run.
I have one of the Swatch/Omega Speedmasters. It is what it is; a casual looking watch that I won't worry if I knock around a bit. As a bonus it's completely different to everything else that I own.
I don't think anyone should be upset about their existence.