Right on! I don't care about the GPS right now and love the fact that the Series 1 is $100 cheaper. If they have the same performance, that is really the one thing I care most about. Is it true that the Series 1 and Series 2 have the same CPU? Apple upgraded the cheaper watch with a next gen CPU? I always planned on getting the 1st gen Apple Watch after the release of the Apple 2, but if they release a "new 1st gen" aka Series 1, I will just go with this model. I can't imagine the 1st gen Watch to be much cheaper than the Series 1, and I'd rather pay an extra $25 to get the dual core CPU.