I was a daily Apple Watch user from the S3 release until last month. Mainly got fatigued with having to charge it daily, it being too bulky, not being able to wear other watches while I use the AW, the health sensors falling behind the competition, and it being another screen dinging at me and demanding my attention with notifications.
I recently got a Whoop and have been using it instead, now I can wear the Whoop either on my other wrist or on my bicep while I wear a regular watch. It gives me more insights than the AW does and I can actually wear it to sleep to get sleep insights (I found the AW too uncomfortable to sleep with), not to mention the 2-week battery life. It's a subscription model so we'll see how I'm feeling about that when it's time to renew, but so far I'm enjoying it a lot more. I still use my AW for outdoor runs since it's a cellular model and I don't like bringing my phone with me on runs, so that's the only advantage it still holds.
All this is to say that I hope that the new AW remodel has improvements to sensors and battery life. I doubt Apple is getting into the screenless wearable market so I'm not optimistic, but I hope I'm surprised.