Yes I've seen these before. They are ladies watches and come in a couple of styles. As far as they know they are more modern LEDs and not from the 70s. I'll try and find where I originally found information about them and post the link.
Yes, I saw the one that Archer (bigmacnofat) sold a few weeks ago. These Seikos are ladies models that use LED backlit LCD displays. So, LCD designed to imitate LED.