I think it's a smart move. It's a signal to other fashion houses that if this category takes off, Apple can work with them. They don't need to go to Google to make an Android Wear watch like Tag Heuer or try to go it alone like Swatch.While this decision does seem a little desperate on Apple's part, it's a move they can make without consequences. Now being the 800 lb. Gorilla they are, Apple is immune to the outcome of any side project as small as this.