great review! 
from what i know, only the case of the rolex (older models) are 904L steel. The bracelet is not (not sure if they use 316L steel). As seen on the newer models (2010 Baselworld Models), it is indicated on the website that the entire watch -- oyster case and bracelet -- is already 904L steel. If you check out the "older" models, it does not say the entire watch is 904L steel. i may be wrong too and that rolex has been using 904L steel even for the bracelet for older watches but has just advertised it in the newer models.
from what i know, only the case of the rolex (older models) are 904L steel. The bracelet is not (not sure if they use 316L steel). As seen on the newer models (2010 Baselworld Models), it is indicated on the website that the entire watch -- oyster case and bracelet -- is already 904L steel. If you check out the "older" models, it does not say the entire watch is 904L steel. i may be wrong too and that rolex has been using 904L steel even for the bracelet for older watches but has just advertised it in the newer models.
