By "swim up to 50 meters" does this mean you can only do a single lap of a swimming pool, or is this a measure of diving depth?
That 50m is static pressure. Don't expect to actually dive to 50m and have your Apple Watch survive.
The reality of "50m waterproof" is that if you swim with it (pools, maybe a few meters below the surface), most of the time it'll be OK.
ps: I'm really dubious about the post swim clean idea, I hope they took minerals and chemical floating (chlorine and whatnot) in their simulation, otherwise that speaker membrane will come with free sound effects over time.
Perhaps for a very cheap watch, but if you're a diver you're not using a cheap 50m watch anyhow.