Very well put Dave. That is what one of my former teachers would call healthy skepticism. I as well have little to zero excitement about the iWatch concept and I shared that with some friends who then went off bashing the whole I idea. I reminded them how they thought iPods (later smartphones and tablets) were stupid before they got one. Of course it's "I have been wrong every time but this time I am right!"
It's very well put only if you are convinced that Apple will release a really dumb product. Previous lessons learned? Apparently none.