After reading this entire thread I ordered a pair of William II identical to those pictured in the first page.
I ordered size 8UK/9US which is my normal size. My first impressions are quite good. I gave the shoes a very close looking over and could find almost no defects whatsoever. I found a few very small imperfections in the leather which you would never notice unless you were inches away and they will certainly disappear entirely on first polishing. There was one area where the dying on the sole got onto the upper, but again you have to be quite close to see it. The attention to detail on the stitching is amazing. I found no defects in the stitching inside or out even upon the closest examination. The sample I have looks just as good as those depicted on the web site with the only difference being the shoes came unpolished. Although I haven't polished them yet, they do strike me as the type of shoes that you could polish to a mirror shine if such things mattered to you. Other shoes/boots I own are made by AE, Herring, and Red Wing and the quality of the CU pair blows all of them away. I've never owned a pair of $700 shoes, so I can't say if these measure up to that standard, but I can say they are head and shoulders above those I have owned in the $250-400 range.
The William II is made on the City last. My largest foot measures just shy of the length and width most manufacturers spec for a 8UK/9US normal width, but not enough to go down a half size. I have very little asymmetry no observable deformities which differ from normal feet. I found the fit to be spot on. With thin socks the shoes hug my feet laterally quite well and there is just a small amount of extra room longitudinally, but not enough that my foot shifts during walking. I observed no heel slip that I typically get with a new pair of shoes until they break in, probably because the aft of the shoe already conforms just about perfectly to my heel. If I were trying these on at a store, I would not want to even try a size up or down. The leather of the shoes is a bit rigid and the shoes feel a bit stiff as you would expect from a new pair. Even at that they do not feel at all uncomfortable and I fully expect them to be quite nice once well broken in. Arch support feels spot on.
The included laces are pretty much utilitarian. I expect them to perform well although they aren't very stylish. Only one set was included. Shoe trees were not included. I use a Nordstrom medium tree and it fits them well enough. The shoes came well packaged inside included individual cloth bags.