The difference is that I can envision it being so much more than an extension of a smartphone and more than just a watch. I'd think it's better referred to as an iBand. I never have, never will be a watch person. But would they really make a watch? Obviously it'll have watch like features if its on your wrist, but does anyone seriously believe that's all? Obviously it'll have notification features, but does anyone seriously believe that would be enough to waste research time and money on? I know people like their Pebbles, but noting about those things look stylish, comfortable, or intuitive enough to get me to look at them twice, even as a free accessory I'd probably pass. If this iBand comes out it wont be simply something that mirrors the phone and tells time, instead it'll be something that uses the iPhone as a hub to do things you couldn't or wouldn't want to do with just a phone.
Exactly right. I don't know I need it until apple shows it to me and then I can't believe I've gone this long without one. I'm excited for 2014, and all of this!
Ps. To address all the off topics: Please stop hounding for a larger screen, or thinner phone, or blah blah blah...not that I'm afraid they'll listen to you, but on the off chance they do, and make sacrifices to accommodate, then I'll consider looking for other options. I like my iPhone to be an Apple iPhone, not a gimmick copy of another phone.