I kind of like Intel's attempt with the Basis Peak. It least it tries to do one thing particularly well (being a good fitness watch), rather than try to be a "smartphone" on a 1.5" display.
I have a Casio watch was well. I used to buy the models with all the features, but realized that none of the features worked, and the watch was huge and ugly. So now I went with a very nice looking Casio watch, which cost me the same $99, but now has a designer blue face that almost looks like it's a Rolex.
I'd consider going back to a feature-watch, but only if the features work. I'd like to test drive the Basis Peak. If it really does monitor my pulse and give accurate readings, then I'd say it's worth it - as a fitness watch, since I like to run outdoors.
What I don't need is a watch to tell me that my phone has a new notification. I can actually be bothered to reach into my pocket, and check my phone. I don't need to spend a few hundred dollars to save me the microseconds it takes to do that, as opposed to roll up my sleeve and take a look at my arm.