Wow, the Apple brigade is out in full force ahead of launch! Not sure why you all feel the need to defend Apple and justify your purchases by telling others they can't afford an item. Why so afraid of an open discussion?
Anyway, the

Watch is being hyped so much for one reason: profit. I think the sales will fall somewhere between the Apple TV and iPad, closer to the Apple TV. However, the boost to the bottom line will be much higher because anything more than the base $349 is pure profit. Spending $700 on one of the stainless models generates probably around $300 of pure profit over the Sport. The moneymaking here will come in the stupid high markup on the Watch collection.