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Personally prefer the first, but I'd hold off ordering one until I know what the functionality and pricing is going to be. I don't have a big problem taking my iPhone out of my pocket.
 
There's no way it will have a traditional watch face - the Swatch look is over people! Flexable/curved display is what the rumours are pointing towards...
 
iWatch doesn't interest me really, plus it would only ever have limited functions linked to the iPhone. Samsung's recently released smart watch is hardly a sales success, not a flop by any means but maybe a little rushed so they can say they did a watch first type of thing.
 
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