It's crap – nice music and rendered video withstanding!
A watch does not now, nor ever need to be, part of any aspect of product convergence.
It's one thing to make a phone into a camera phone, and another to allow it to connect to the internet and car to play music, etc – but I'll be buggered if I can figure out any useful aspect to having a watch you need to plug into the mains to recharge a battery, just so that you read shite about someone "famous" having a sandwich for their lunch!
Mind you, I did manage to abstain for a fair while when both the iPhone and the iPad were originally launched, but ended up succumbing to them – let me know when Seiko introduce the Grand Seiko model, and I'll maybe think about joining the revolution at that point.
'Til then…….."No deal, Noel!"