Wearable technology may be the future, but this product isn't it.. Why Apple felt the need to come out with such a product before it's time has everything to do with $ and continuing to add revenue to impress its shareholders. Personally, I wish Apple would base decisions on which product to make next not on what will impress Wall Street but on true innovation that will shake up the landscape. Some say that we are in a technological "plateau," but I'm not buying it. Apple has billions of dollars in cash on hand. They should have the ability to come up with new breakthrough technologies that stun the market.
Instead we are left with a product that seems motivated by a desire to add more revenue by manipulating customers through unprecedented marketing, over the type hyperbole, and an attempt to sell something that is neither breakthrough nor different from every other smartwatch that is on the market. Is it the most impressively designed and built with high quality? Absolutely. Does it have near non-existent utility function? Sure seems like it. When its biggest attribute being sold by those who have bought into the hype seems to be that it allows one to check notifications on the wrist, versus pulling the phone out of your pocket, or "gasp," turning the phone on if it's already on your desk, you know you have a dud.
Apple needs to refocus and not take its customer base for granted. Not all of us will buy a new product just because you say its amazing. Show us its amazing. I don't care what Pharrell or the Blonde Salad (Instagram Connection for those of us "in the know") have to say about it.