Granted it helps a miniority of people with specialized conditions, but I think this leads the majority of people to become obsessed with their own health, to the point of it becoming unhealthy. I'd be more stressed out knowing my every heart beat (and mis-beat), constant access to my BP and HR, etc., and stressing over little individual incidences. I'm no doctor and so I don't need that constant access to that information. But that's just me.
I think we're witnessing a new generation of hyper-focused health-nut people that may wind up doing more harm than good to their bodies and minds.
I would personally like to see mechanisms in place that collect the data but prevent you from looking at every detail. Like something that gives you a monthly analysis or submits to a medical professional when an issue arises.