Apple doesn't do pie in the sky things that aren't realistic. I'm sure Apple has lots of crazy futuristic prototypes but if they're not ready for primetime Apple is not going announce them. Get back to me when this particular watch actually ships and gets good reviews.
The iPod was considered "pie in the sky".
The iphone was considered "pie in the sky".
The ipad was considered "pie in the sky".
Every single Apple mobile device has been scrutinized and second guessed by the industry only to become the defacto standard for mobile devices due to their popularity and reliability. Apple's vision for their mobile devices has always held up to future trends but I don't see the watch being as dominant as their other offerings.
A watch is something personal for a man. It's the only universally accepted piece of jewelery for men and as a result men take their watches very seriously. A man's watch should be masculine, it should be able to withstand abuse and above all else, it should never be confused for a womans watch. If a woman can wear the same watch design as a man then it's my opinion that the watch design is too feminine. In my humble opinion, the Apple Watch is way too feminine for a typical masculine male (never mind it's technical issues, most notably it's lack of battery life).
The hybrid watch in question, in my opinion, is the perfect marriage between classical timepiece design and modern technology. I understand that this concept might be a few years off but at one point so was the iPod, iPhone and ipad. Only after people had the opportunity to use these products did they realize the beauty and craftsmanship that went into them. If a no name company can produce a working prototype (however bad it may be), then imagine what Apple could have done with their deep pockets. Instead, they delivery a fancy Nano on a fancy strap. There was no "out of the box" thinking on this product, they went straight for the lowest common denominator and ultimately delivered a product that only suits the lowest common denominator.
Apple had the chance to do something truly unique with their watch. They had the opportunity to think outside the box and deliver a device that could change the way we think about timepieces in the future. Instead, they deliver a blinged up version of a Nano on a wrist strap that despite it's fancy look is still just an upgraded Nano. I guess Apple created this device completely with their shareholders' pockets in mind.
I was disappointed in the Apple Watch but I love the concept of the hybrid in question. I will gladly wait for this "pie in the sky" technology to mature and buy one went I feel it's appropriate. This concept is brilliant and something Apple would have created just a few short years ago. However, what were seeing out of Apple now (not just the watch) is a lack of vision. Without Jobs Apple is just an above average tech company toeing the same line as Samsung, Sony, Fitbit, etc...