possible, but only after gen 2 of the watch. They will update it as fast as the market needs and how the competitors features stack to the device. Your gen 1 is a beta IMO.
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Quanta Reportedly Developing Next-Gen Apple Watch for 2016 Launch
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Who is going to buy a new refrigerator every year? I think everyone who needs a refrigerator already owns one. So how is it that they are able to continue selling things everyone already owns.
It could be that
1) new people come into the market
2) the device needs replacements because of damage, theft or whatever
3) the new device is so much better that current owners trade in their old one, only needing to pay the difference in price.
4) the new device is so much better that the market for it expands.
Go into any Home Depot and you will find an entire isle of toilets. Who does not already have one? But still they sell enough that an entire isle of floor space is justified. How could this be? Look at the four items above. They apply to just about everything watches included.
No, I see a long path of incremental improvement for the watch. Apple is constrained by the available technology. A watch must us an ultra-low power processor these will improve slowly as will battery technology. Then of course the engineering at Apple will learn new things as they make watch after watch. You have to figure that they started on version two before version one was shipping. Some are working on version three right now. The watch will evolve slowly just like the iPhone and the MacBook.
I figure in 6 to 8 years the watch will be a mature product.
hyperbole aside, swimming has more in common with diving than the daily water exposure you're subjecting your watch to. The forces involved in swimming require much greater pressure protection than the Apple Watch is likely prepared for. Swimming regularly in the watch is putting it at risk for failure, in a way you do not likely have to be concerned about.
Bottom line, it's assembled with glue. That kind of continued exposure will eventually lead to failure, especially in environments where there are fluctuating temperature changes, and salinity. Whether the watch is built well enough to hold up to some of this abuse in the short term does not mean it's engineered to keep up with it indefinitely like a properly engineered and tested IPX8 rated watch.
I use the watch for surfing, which involves even greater forces than swimming, but I have no pretensions that the watch may fail at any time, and I hope that Apple Care Plus will cover it the first time. I have pre-ordered a catalyst case for the future, but the reality is the damage may already done. And I accept that. Most here asking these questions are trying to prevent losing their investment. I've resigned myself to the fact I may have to buy a new watch if this one fails, but that's the cost of being able to use it the way I want now before the watch has been engineered to endure those conditions without external protection.
Well thats good, beta hardware eh? Its a "beta" I couldn't live without anymore and has been the best Apple device i've bought for years and worn everyday for 6 months now so.
"I have to buy a new fridge, since the latest software update mine constantly warms food up instead of cooling it down and the freezer only goes to 0 Celcius"How many people need to purchase a new fridge because theirs has been stolen
"Help guys my fridge is bricked what can I do? I can't get my food out"
"My fridge no longer notifies me I forgot to buy soft drinks, what to do?"
"The egg container can not be accessed at this time, try again later"
watch koolaid you are taking. But, do enjoy your device 
I can't really shrug off the feeling of how poorly this business model with Apple Watch aligns with the traditional use of watches. Especially in this price segment, clearly marketing some of them as luxury items. It's just so far off why people would normally buy them, where the value of luxury watches traditionally often come from their heritage and longevity.
This is a graph for Apple as a whole, not Apple Watch.
You could well be replying to Watch criticism with a graph showing the strength of iPhone 6 sales here...
The Watch is the only Apple Product that needs to get significantly thinner. Price needs to slim down as well.
Pressure due to water has nothing to do with swimming vs just soaking the watch in water. Pressure is a function of depth of water pressure, not he moment through the water. This why watches and other devices intended to be used in water are rated on depth, not how fast you move your hand in the water.
Read the post that I replied to. The poster was regurgitating the same inane "Tim Cook needs to go" mantra. And stating that the Watch was the last straw in what was some imaginary string of failures during his tenure. The graph was meant to represent that Apple's revenue during the time between 2011 and 2015 has only grown. At a historical pace, in fact.
Apple's doing fine under Cook. That's all I was saying.
Not going to debate this point with you. It's basic physics. Increased force equals increased pressure. The greater the depth pressure rating the higher the force it can withstand. Those watches aren't rated at 300 meters because someone is actually going to dive to that depth while wearing one. It's the same reason why you can pour a glass of water onto a phone on a table and nothing happens, but if you hit that same phone with water from high pressure garden hose, on the same table, the phone is far more likely to suffer water ingress.
You want week long battery life AND a modem in the watch, these are pretty much mutually exclusive man
The motion of a hand through the water is nothing compared to the static head pressure of the water.
The pressure from the water is basically 0.43 psi for every foot of depth. I know some physics, I have a masters degree in engineering.
This is the last place you should look for a trend. This site is so completely unrepresentative of the general buying public with regard to any product, including Apple products. You have loads of people here that love to criticize for the sake of criticizing and take incredible delight in bashing apple products. You can't draw any conclusions from what you read here.
My apps load very fast. I'll be purchasing the next generation, for sure and absolutely!
All true Apple aficionados will buy a new watch every year.
Agreed, I have no,problem getting a new watch assuming it's worth upgrading too. Having said that the tag connected looks pretty cool, might get that.
The only reason I would want a yearly sycle is so Apple can pump out more versions in less time and hopefully give me a compelling reason to buy. My wife insisted she "needed" one and... it's basically just a watch for her. She also orders chipotle, though not since the lovely slamonella report.