You are incorrect. The whole point of the Wifi support was so you could leave your phone in one section of your house, and have your watch connect to it wherever you go in the house. That is done by having both devices connected to your router.
No, it only uses point to point WiFi in combination with BT to connect to your iPhone.
http://www.apple.com/pr/library/201...e-Watch-Apples-Most-Personal-Device-Ever.htmlApple said:...Apple Watch also features Wi-Fi 802.11b/g and Bluetooth 4.0 to pair seamlessly with your iPhone...