The Smart Watch

I'm having a bit of trouble buying into this idea.  It would seem that the next form factor for our technology is going to be on a wrist watch.  A phone or a tablet that takes the place of a computer didn't really seem that possible 8-10 years ago, but it's happening.  I guess I'm just having problems visualizing this one.  The linked article goes into a little detail, but I guess we will see what happens once Apple gets hold of it and makes it awesome (I'm not an Apple fanboy or anything, but they do have a way of transforming items in ways you wouldn't expect).  If this does happen, I predict it's just another way to make us look stupid while using really smart technology (just take a look at us while browsing our phones.