A few uses for a 'smartwatch' off the top of my head.
* Allows you to check notifications, sms, e-mails, meeting requests without removing your phone from your pocket
- - - Reduces the chance of you getting mugged just outside the Tube station while looking at your phone
- - - Extends battery life on phone as you don't have the display on as long
* Allows you to navigate on foot to a location without holding you phone in front of you with just a quick glance on each street corner
- - - Reduces the chance of you getting mugged wandering around with your phone
- - - More conveientent that holding your phone or pulling it out of your pocket all the time
* Allows you to glance at information when in inconvenient locations
- - - Can quickly read current Grid Ref while in the rain and wind on a mountain while your phone is safely tucked away under a couple of layars of clothing
- - - Can easily see a GPD bearing to your next waypoint when in the situation above
* If you're wearing a watch anyway, especially if it is a sports watch, it allows you to update it and add more functions, displays to it
- - - Add your own apps to do functions that you would like your watch to have
* Can alert you if you leave your phone behind
- - - Saves you losing your phone
* Can change music, skip tracks etc without having to get your phone out
- - - Reduces the chance of you getting mugged for your phone
* Watch is waterproof, phone maybe not
- - - Can use when you are in a wet environment
Etc
However, that battery life, for a watch could be a real pain.