Is anyone working a bracelet-band that completely encloses the watch? A band of this sort would need a slide (or a pop top) that can expose the face but otherwise would appear to be a bracelet.
A company that jumps on this idea would profit as many would buy bands to match attire and occasion - gold, silver, mixed-metal, ceramic, rubber...
Just found this on Amazon. Not sure if this is what you were referring to, but it does eliminate the need for an adapter...
http://www.amazon.com/MOTONG-Genuin...746203&sr=8-37&keywords=apple+watch+link+band