I'm surprised at everyone's insistence that smartwatches ape the physical sizes and shapes of traditional watches. It strikes me not unlike past insistence that smartphones needed to have physical keyboards and removable batteries.
Every declared and hypothetical use for a smartwatch would be better-served with a larger screen. Something this side of a pip-boy, to be sure, but at least twice as wide as the display on the Apple Watch. (Increased internal volume for battery would more than make up for increased screen size.)
If everyone was still wearing watches, trying to slide in on familiarity might make some sense. But watches have been on the decline since even basic cell phones began to spread. I understand you have to make something people are willing to wear. But making it familiar, at a cost to its ability to do everything people might want it for, is a short-sighted mistake.