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@fade
It's definitely an interesting idea, but could be a bit ahead of its time, depending on which way the market goes.
With the predictions of things moving towards systems based around more, smaller interconnected devices after this first step of devices like glass and the first generation of smart watches, theres a chance that a device like what you describe could come into existence to be the centre of these ecosystems, but I'd guess that it really depends on what happens to the smartphone over the next few years as these peripheral devices start to pop up around them. Could be that the smartphone stays strong and becomes the centre of the ecosystem, or it could be that more and more features are broken away from it, allowing for greater user choice, and it falls to the wayside.