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@fade
Well apparently it has 70 apps available now, which is just a bit ridiculous.
If the smart watch market does take off, they'll likely be cheap, small, simple and come in much more wide ranging styles to suit personal taste, which is pretty much entirely the opposite of what samsung has gone for. Right now people are trying jack of all trades type devices to try and judge what the market wants and discover new use cases. With time feature sets will be simplified and refined to the point where they do very few things very well, to the point where they'll make enough difference for it to be worth the users paying for them. And once that point is reached the market will probably start pushing into newer and more interesting areas than just watches and glasses.
This is a very good article from earlier in the year about the direction wearables need to take. I think number 2 - make it peripheral - is a very interesting point, especially looking at things like the galaxy gear. Samsung has tried to make something big and in your face that you're going to be constantly playing with to try and make the stupidly high price tag acceptable to consumers, when really the opportunity is to provide a subtle stream of information to the the user when they want / need it and stay out of their way otherwise.