See the askTog post for some intriguing speculation, and Disruptions: Where Apple and Dick Tracy May Converge (NYT) and Apple Testing Watch-Like Device (WSJ) for additional analysis
"The iWatch will fill a gaping hole in the Apple ecosystem. It will facilitate and coordinate not only the activities of all the other computers and devices we use, but a wide array of devices to come. Like other breakthrough Apple products, its value will be underestimated at launch, then grow to have a profound impact on our lives and Apple’s fortunes."The Apple iWatch | askTog
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