I just don't see this as a luxury/fashion item. No matter what Apple bills it as. It's really just a nerdy piece of gen 1 tech you wear on your wrist. It's really nice looking, and I can't wait to get mine, but I just can't see this design as being iconic. Give it 4-5 years and maybe it will evolve into something more fashionable that will stand the test of time. But there is no way that in 5 years people will still be wearing this fat, square design and actually thinking it still looks great.
This, is exactly my point.
Apple wanted to position this as luxury fashion, I am saying make it so.
If they go down the same path of iPhone iPod iPad like they have done in the past, this this is no more than a nerdy gadget that may be very useful one day.
Rolex has been fat and round for over half a century and we are fine with that.