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Wow, I have two on order since 3:03AM on pre-order day (42mm SS, black silicone: 42mm Sport, black silicon)...The difference from the 38mm to the 42mm is barely noticeable! In a day of age where bigger is more popular (including watches), when I tried the 42mm on I was completely disappointed by the size! It's tiny. They should have definitely created a 50mm model for a much more manly watch, more battery life, etc...

Now contemplating selling the two and waiting it out just on my opinion about that...

Sounds like you won't be happy. Cancel your orders.
 
Why don't you just buy a wrist strap for your iPhone? That'll solve your problems. :D

It can take pictures, browse the web, has built-in phone app, text, email, and a bunch of other things the Apple Watch can't do. Sure it doesn't have a heart rate sensor, but who cares; just put on your headphone (includes a headphone port too!) and start exercising.
 
I'm perfectly happy with my order of a SS 42  Watch. But having said that I do agree that there is room for a slightly larger one in the future.

It won't appeal to everyone, but then it wouldn't be designed to appeal to everyone. The golden rule plops my 75mm width wrist into the 46mm watch category, so I wouldn't complain if they made one.
 
Tried the 42mm SS back to back with my TW Steel 50mm ......the Apple Watch looked like a child's toy on my wrist! I realise 50mm is 'oversized' and too big for many but I think Apple should release a 46mm for larger wrists and for the trend towards larger watches in general.
 
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