This is nothing more then a me 2 gesture from Apple. Beyond a new control mechanism, this brings nothing to the table. This is the Rokr E1, or an iPad with osx and a pen and no multitouch. The main issue with smartphones is that after the honeymoon period a lot of people sell them. Why? Because they figure out that in order to do a lot of things you need to take out the superior smartphone! And if you are using a superior smartphone, with games, bigger screen, music, etc, why use a smart watch? The one thing would be for exercise (Since if you are running it's not a good idea to have lots of things in your pocket), but then you can easily buy a nano and a wrist/arm or watch attachment for it! This should go the way of the Rokr E1 until Apple figures out a way to make the smartphone it's own unique item... Assuming they can actually come up with new ideas now.