hi Nic,
it is the old model.
you know i was still thinking of which model to buy either old or new model (38mm or MGUT4). after wearing them on my wrist and carefully compariing their dial, size, movement and finishing, my final decision was still to go for old MUT because of relatively small size and much clearer dail with hand winding.
in fact this purchase was a bit unexpected and came a bit earlier, was thinking to get a new watch next april, anyway it is always a good excuse to get it early because of festive season coming : )))
stefan