The Subaqua Noma series is one of the better from Invicta. The watches are made well (IMO) and look great. I have a III myself, one of my favorites. The 12726 has a nice bright dial, all solid steel and an Eta G10.211 movement. I've seen them go for the $200-$300 range, shop around the discount websites, prices vary. Good luck with your purchase.
I can tell you that tv doesn't do the watches justice, usually the colors are much brighter and more vivid in person. That orange will probably pop alot more when you have it in your hand. Good price too. I do agree about the 6 valuepays on ShopNBC, it really makes the watches more affordable.