Interesting they are still going with round. Most of the UI shots look awkward on a round screen with anything not in the very center getting cut off a bunch.
watch / time / clock looks and works so much better on a round interface. notifications / text / buttons look and work so much better on a square interface.
So, use a watch on one wrist (round, good looking, etc), and a smartwatch on the other wrist (square, functional, 'computer')
There's no way you can mold the two together into one 'have it all' form factor