I am buying what Gruber is speculating on about the S chip. I anticipate the Apple Watch will be completely internally upgradable. The chances of people buying a high end watch year over year slim, but chances of buying internal upgrade much better year over year.
The thought process of holding out for 2nd gen may not make sense then.
This is correct. Check out both Gruber article and thread. SS and Gold versions are going to be upgradeable. Gruber is offering the best leaks of any source, and currently he's been spot on.
I'm guessing this will have a 1-1/2 to 3 year upgrade schedule, although if extremely successful, it could be more often early on.
If $350 is worth it for you to have 2 years of a first gen product, it's a good deal. If you don't mind spending more for a refined upgradeable product, the ss and gold will be attractive to many, and as they are upgradeable, they will retain their resale better.
There may be a couple generations where it is this thick, as better battery technology is still a few years off. If you only like thin watches, then this isn't for you. But it's nowhere as thick as some mechanicals, and only a little thicker than the average mechanical. You probably need to try on the one you like best in both sizes to make a judgement for you. The way the bands attach minimize perception of the depth. I also think this version will become thinner in later upgrades, where the sensors do not stick out as far.
I accept that I will have to plug it in daily. Others call it a deal breaker? You plug in your laptop and phone every day (or more). Sure, I'd like to get 4 days on those devises too, but we all seem to put up with daily charging, so it's not really any different. If you want longer run time, this first gen product will allow you to run a larger battery if the later versions of the chip are reduced in size allowing a thinner new watch model. The same chip could run multiple physical models.
Apple has never entered a market with more than a few options, much less the hundreds of combinations, more options than any other product they've ever made. They've hired several key employees from the fashion market. This is there first wearable, and they've said that this is a very different project for them. Jony Ive predicted this to upset the Swiss watch market. This is the first time they've spent much more on the cases, than the technology it houses. A gold Apple watch in a leather charging case? 9 hours to machine and cut the ss link bracelet? Who's going to pay for all that for 2 years of use? So while I understand your apprehension of Apple producing their first truly upgradeable product, understand that Apple is doing a lot of other "firsts" with this watch. This is Apple at their best, revolutionizing the smart watch market.