This year I decided to not pre-order any video games. It is not because I don't like them, but because it is an economically wise decision. The new Batman game has a $40 season pass that will make the "full game" $100. In just a year the whole thing will be available for $30-60. Plus with failed launches like the last Assassins Creed, why should I trust that the thing I'm buying is good.
In the case of the Apple Watch I knew I wanted one because I saw everything it could do. I have had a pebble for 2 years now, and as great as it is, it became annoying for the things it couldn't do. Everything about the apple watch fixed those things and I preordered one because I knew I wanted it. Not because it had the apple name, but what it could do.
I don't have a lot of apple products if you look at the vast majority of them, I have a MacBook Pro, and iPhone, an iPad, an Apple TV, a Time Capsuleand soon an Apple Watch.
I don't have an iPod (well I do but it is from 2003, and I don't use it), an iPod Nano, a iPod Touch, a MacBook, a MacBook Air, a MacPro, a MacMini, an Apple Monitor or an Airport.
Some of those products I don't have because I have a device that already does it(iPhone) some I don't have because I don't have the money for (MacPro) and some I don't have because I don't need it. While everyone insists that the Apple Watch just does what your phone can already do... Which is not an untrue statement... It can do a lot of things your iPhone can't do, and things that Steve Jobs would have been pushing for.
Hey Siri: Steve was famous for ridiculing the stylus requirement for a mobile devices. Now you don't need a physical input at all.
Wrist Raise: the action you would take to look at a regular watch would turn on the display. Minimalist and battery sufficient.
Some actions you should do on the phone: a complete keyboard would be a eye sore and a frustrating interface. And it would look pretty dumb to be dictating an entire email into your wrist.
Choices: I think this is the thing Steve would have been stressing in his Keynote. The Watch is all about choice. From the case and band style and material, to even how you respond to notifications. This is a device that lets you stay glued to your iPhone, but doesn't require it to be constantly in your hand, or even at a moments reach. You are still connected, but now you can be more personal. You can choose when something is important or not, but instead of pulling out and checking your phone, you can do it at a glance.
You may not like your Watch, and that is okay, but you are wrong in saying it would never happen under Steve Jobs.