"so the flexible display as described in the application is described as being able to adjust the amount of information that it presents to the user based on how much of the display is viewable when worn."
In other words, bog standard UI window-resizing behaviour.
I look forward to a whole load of new patents where existing technology/ideas are taken, with "on a wrist" added. If you don't even have to make it, perhaps we should all get in on the action.
Of course watches that can communicate with Android devices already exist. And yes, didn't Apple already try to make a watch-ipod, which turned out to be a fail?
(Also wondering where they'll put the big light up Apple logo - can't have an Apple product without plastering Apple logos to advertise all over it.)