They did come out with a the 'iwatch' first. In addition, their TV interface seems to be very interesting. It surprises me that, Apple, who, leads and rarely follows will, with the watch and TV, in fact, be following.
No. It's certainly not a first.
Seiko, Fossil, Sony, even Microsoft sold smartwatches for each decade of computing already.
It's funny how everybody here's talked about the Gear not being able to handle most notifications, not being able to work with Android phones in general, Samsung copies etc., and yet nobody really brings up this:
http://www.theverge.com/2012/3/19/2876341/sony-smartwatch-review
Want notifications, a 3 day battery life, and compatibility with existing Android phones? Go Sony. (well, don't get that one I linked to, a Smartwatch 2 was just released to replace it)