http://www.ign.com/articles/2013/03/19/samsung-executive-confirms-development-of-smartwatch “We’ve been preparing the watch product for so long. We are working very hard to get ready for it. We are preparing products for the future, and the watch is definitely one of them.”
There are a few smart watches out already. Sony has one. http://www.sonymobile.com/us/products/accessories/smartwatch/features/
Well just wait, Notice how cell phones are getting bigger and bigger like tablets size. It won't be to long till watches can take the place of cell phones.