Furthermore, if we suppose $400 turns out to be the actual price point of this thing, then which one is really the more expensive watch? A disposable $400 watch with maybe a three-year lifetime, or a $4000 Rolex that lasts your lifetime? Okay, so maybe a steel Rolex doesn't cost just $4000 anymore, I haven't kept up with it. What is it now, $8000? Well, it's going to last the lifetime of your grandchild as well.
We will see how good Apple is at obsoleting these things quickly. That and the selling price will determine what it costs per month or however we want to count.
I have to confess, when you put it like that, I regret referring to advocates as snobs etc. True, they range past $8000, but passing them down adds additional meaning, value and longevity. The price point will be interesting, I'm sticking with my $400 estimation.