I returned my new 42mm SGS on Watch OS 1.0 back in May mainly due to price vs features.
This week I started looking around the second hand market I picked these up this morning:
42mm Space Grey, boxed with black original strap and also the Product red strap, also boxed.
Paid £250, RRP £339+£39 = £378.
38mm Rose gold sport with lavender strap.
Paid £240, RRP £299.
Combined I saved 28% off the Apple RRP in the UK, they have 11 months warranty remaining and with watch OS 2 I'm happy.
In all honesty I do think Apple got the pricing wrong with this device, I wonder if the RRP was £249 for the 42mm Sport and say £229 or £199 for the 38mm Sport people would be returning them?
Absolutely right. For $199 I would not have returned mine. It would have allowed me to buy a strap I like better and I would have had more patience to wait for Watch OS 3 hoping the interface would be more refined. Things I liked about the watch: aesthetics, discrete haptic feedback for notifications, ability to use voice to reply to texts while driving, Apple Pay. Would gladly have paid $200 for those features - $400 + including Apple Care, there simply is no justifying that purchase in my eyes.