That was also one of the factors that helped me choose the MK1 over the MK2. There's just something out-of-balance about a watch face made up of various-sized circles with a square date window.
It isn't actually a cyclops above the date window, but rather a round date window on the dial, so no magnification. The round date window was one of the features that attracted me to this watch. The Mark II version has a more traditional date window. It is more obvious in Snargles' picture of his black face version.