So... I think we should go easy on the dunking. These things must be tried to succeed. Failures like Google glass get so much criticism no one wants to try.
That said, these give us to types of (maybe instructive) failure. Glass looked too much like a headcam to be used casually. These put looks first, but aren't responsive enough.
The application both products targeted is there proverbial deep end. The bar is very high for a device mounted on your face as part of daily life.
Performance has to be flawless. The frustration caused by a small lag, voice recognition or whatnot is extremely magnified relative to a phone or pc. Same for aesthetics, comfort, etc.
All that without a very clear picture of how people will use the device.
I do think there's room to succeed in this space, but I think the innovations need to come in steps. Going for the mass-production, mass-appeal, everyday usage device before you have a successful predecessor... You need to hit multiple bulls eyes.
A sports, adventure or camera centric product has much better odds. Those activities already allow "gear."
The problem is that it's a race to the ultimate product, and making an intermediate may be just free market research for apple/meta/etc.