Im somewhat on the fence for this one. Im glad that tag are building a smart-ish watch, but I really hope they go some way to address the issues with smartwatches - battery life, updatability, need to be connected to the fone to function, rather than just building a android smartwatch in a $3000 case.
My second issue - what proportion of TAG owners use android? Straw poll here maybe? Most people I know who use android are geeks or teenagers, most people I know who spend $3000 on a watch are not geeks and use iphones.
Finally, for the last few years, the only bit of technology I own that has 100% done its job, perfectly, all the time, is my quartz aquaracer watch. I mean its perfect, keeps perfect time, it is pretty much indestructible, smart enough to wear in the office but subtle enough that I can drink in a dive bar and not get a second glance. I'll be sad to step away to a watch that crashes on me and goes flat in 2 days..