It is a little of both. I'm actually not impressed or happy with Apple selling a fashion item instead of utility products. It is partly manipulative and the Edition is catering to the economic elite. I'm just saying that Apple has been accused of selling a fashionable set of computers and phones, but I always thought they were just well designed and very functional. The watch is all those things, but Apple is showing how it sells products as a fashion item. This is what Apple was accused of doing for the last half dozen or so years. And this is completely different than how it marketed the iPhone or iPad.
This isn't
just a fashion item. It's a utility item that intersects with fashion. And Apple has played at that intersection for a long time. How many "flavors" did the original iMac come in?
If Apple had been satisfied to produce "utility" items they would have kept producing beige boxes, like Henry Ford used to produce only black cars. They wouldn't have allowed for wallpaper, or color- and font-coordinated the look of the GUI... Going all the way back to the "1984" ad, Apple has stated that gray uniformity is something to be resisted.
The watch will succeed or fail based on its utility, but it will be on people's wrists. While a certain number of people will
only care about the utility of the thing, far more will want it to fit in with everything else they're wearing. No matter how useful, if people "wouldn't be caught dead wearing the thing," they won't take advantage of the utility.
Appearance is just one more form of communication. While at times, the message is one of class/social rank, it's hardly the only message.
Considering people have been adorning themselves since primitive times (and we're not the only species to do it), and that uniformity (including uniform non-conformity) is often used to symbolize membership in a particular group (and not just by economic and social status - religion, age, politics, family/tribe/nation, team/army... )... Uniformity is countered by expressions of individuality.
Somebody posted in this thread that he's going to make a band of gray duct tape in protest of this whole fashion thing. Why didn't he say, "I'll just wear the plain black band?" Presuming he actually does make that band, he just publicized the message he wants to send by wearing it.
Sure, part of "fashion" is to sell people new stuff every year. But fashion exists regardless, even if all it is is a home-made bracelet made of colored string, or proudly wearing the red kerchief of the Revolution. The Fashionistas are taking advantage of a basic human trait, they didn't invent it.