Probably. I think we've hit a plateau with user interfaces for most connected gear. Sticking a physical scroll button on what is essentially a phone buys me nothing but annoyance. Phones just kind of do what we want and have an acceptable enough interface that the alternatives get in our way.
The Humane Pin added the laser display but ... nobody wants it? This is starting to feel like sticking a spoiler on a phone and pretending it adds value. Maybe VCs are impressed by this stuff, I don't know.
If there were a magic version of this it would have the model and processing onboard. That's obviously extremely cost prohibitive right now, but that's what it's going to take to create a real AI-powered assistant:
* I need it to work without network latency.
* I need multiple forms of input/output depending on the context.
* I don't need Teenage Engineering's usual form-over-function design. I need the form to be out of my way most of the time.
It's great that people are experimenting in this space. It's less great that people are getting multiple millions in funding and selling a phone and web service as an "AI device." This will hurt future development.