The interesting news is that manufacturer's are finding innovative ways to reconceptualize the traditional watch by adding new functions and value-added services. One example is Garmin® with a line of high-performance personal trainers (it wraps around your wrist but they're not even calling it a watch) with GPS receivers. Athletes can upload workout data to a website to analyze and track performance and even share running routes with friends. As a skier, I was happy to see the Swatch® Snowpass watch which allows you to go online and order ski passes. Then, just flag your watch at selected resorts, from Aspen to Bariloche to Zermatt.... and enjoy the slopes.
I think the watch can be so much more that just keeping time...
With the expansion of RFID technology, for instance, couldn't the watch be a practical way to substitute the debit card?
Just wave your wrist at a cash register, sign and off you go. But again, can't the mobile phone do that too?