Oh God no. As if we need yet another iToy for pretentious hipsters. I'm just going to love how Apple will spin this "iWatch" as revolutionary, just like they did with the iPod, iPhone, and iPad, yet these toys don't offer anything useful except the shiny Apple logo to make oneself look superior in public. And charge a premium for it, of course. Then again this the same company whose iMacs don't even have Blu-rays. What passes for innovation at Apple is handicapping their 21.5-inch iMac with crappy tech specs while making it more affordable, when they should be improving tech specs just to appease those people who have zero intention of buying one in the first place, while those who do just want to plug and play.
Point is, I just have to laugh at those who buy these Apple mobile devices when the sole purpose is to have the right to be smug. But I guess I have to hand it to Cupertino for convincing the public to buy a big iPod touch by the millions.