Yeah and the only different between the sport and the watch is the stainless steel. Surely for the price differential it will be more of a difference. What the point of the premium otherwise.
You might want to browse Apple's website a little more and learn more about what each model offers. The only difference is not the stainless steel. The Apple Watch (Stainless Steel) also comes with sapphire covering the display, which is vastly different then the reinforced glass on the Apple Watch Sport.