There is a watch-shaped ring around my left wrist, a permanent tan-line. I've worn a watch since I was a kid. I've always liked to sleep with my watch. To shower with my watch. To swim with my watch. Not everyone likes to do this.
The new Apple Watch is faster; has a far better OS; onboard GPS; a brighter display and is waterproof to 50 meters in salt or fresh water
Same battery life, mostly; GPS activity causes a big hit on battery life for running; Lacks always-on display; A tad thicker and heavier; Requires an iPhone to work