The new updated Applewatch has been released but my question is relating to next years version. I'm wondering on whether to wait for it? What do you think are the likely upgrades to it?
If you want, or have ever wanted, and can afford the watch buy it now. It will be at least 18 months (my guess is 24 month cycles with a boosted S type version around 12-18 months) before we see a change to the watch.
18-24 months seems like a good cycle for the Watch.
In the meantime they can release new bands or maybe new edition models with the same hardware.
I agree with others - If you can find a compelling use case, you should just get it, especially since it's likely on an ~18 month release schedule. I think for many of us, it's been such a disruptive device that we feel we'd have missed out to not have gotten one. For me, it's largely as a fitness device/tracker/personal trainer that has been such a game changer, though obviously the use case is different for different people.
That said, I believe the Series 3 (or perhaps Series 4) will be the version that propels the device into mass adoption territory. Without speculating on likelihood of individual features (always on display, more accurate heart monitor, larger screen, facetime camera, cellular modem, improved Siri/voice control, etc.) it's a near certainty that the Series 3 chipset will be dramatically faster and more energy efficient than the current version.
Edit: Added Siri/voice control to list of potential improvements in S3.