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I want my kids to be able to walk to and from school and to be able to track them, see them and talk to them without buying them a phone. Cellular radio is just not medically safe as an always-on feature but an on-demand or emergency function would be good.

Not sure I get your point there. If you want a watch which updates the location of your kids in real time and is always available for you to call them (i.e. always attached to a GSM base station), it will need to include an always-on radio in the same way as a mobile phone (essentially what you are describing is a small basic smartphone attached to their wrist).
 
It would only be required for their school walks and other ad hoc uses. There is sufficient tracking potential for other times via Wi-Fi and GPS, especially if you can join new networks.
 
Apple Watch is full of potential.

I want my kids to be able to walk to and from school and to be able to track them, see them and talk to them without buying them a phone. Cellular radio is just not medically safe as an always-on feature but an on-demand or emergency function would be good.

My other most-wanted features:

Blood pressure monitor band. (you can now pair a polar bluetooth chest strap to your watch)
Independence from iPhone and tethering to iPad and Mac.
Camera accessory to turn your old watch into a nice little security camera.
FaceTime calling. (Facetime voice is working now)
Improved Siri.
Joining new Wi-Fi networks. (Watch will join any new network that you connect to with your iphone)

I got a Series 1, loved it; scratched it, returned it, didn't miss it at all, got a Series 2, and still do not feel it is particularly useful but it's a nice watch with some bonus features.
 
Hard to determine if this question is serious or not. In the past close to 20 years I don't think we can point to many hardline abandoning of a product line by Apple. I'll give the poster the benefit of a doubt.

Apple Watch isn't going to be discontinued or abandoned. Expect the Apple Watch to have the same kind of update cycle as the Apple TV. There's plenty of things that CAN be done on the watch, especially comparing Apple Watch S0 and watchOS 1 against Apple Watch S2 and watchOS 3. The newest hardware and software seems to have put a lot of wood behind the arrow.

If you want to call Apple Watch a "flop" and should be discontinued that's fine. It's worth noting though that at least in Dallas I see far more people with Apple Watch then most other kinds of smart watches. It's actually getting to the point where day to day I think I see as many as normal watches, but I maybe slightly off. Wearables aren't going anywhere.

Developers who do the best with watchOS are those who understand the context of the Use Case. Same thing happened when smart phones came out. Can anyone remember Steve Ballmar saying how bad the iPhone was because it didn't have a keyboard? I know college students who take notes on their iPhones now. You can go into most coffee houses and see others editing documents from their phones while in line.

Expect the longer term Use Case for the Apple Watch to be in line with a Motorola Razr. The Motorola Razr did exactly what it was suppose to do within it's context. It couldn't do much on it's own, but it augmented other tools very well.

Compare the original Apple TV to Gen 3. More so do the comparison with Gen 4.
 
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