“Will it ever be able to tell the time better and with less fuss than your typical $5 Chinese watch from Walmart?”
Um...yes, actually.
Time accuracy: 50ms. Always. DST included. Time zone adjusted as you travel, likely within feet of the official date lines. You’ll never have to set it. That $5 POS is only as accurate as you manually set it, which may be minutes off (ok, starting *RIGHT*NOW* do nothing at all for two minutes, and think about how “close enough” isn’t). (Heck, I’ve still got clocks I haven’t changed for DST because it’s a PITA to do; they’re over an hour off.)
Presentation: what kind of watch face do you want? change it with a tap and a flick. Classic clock? Mickey? Digital? Analog? World sunlight map? Exotic? Heck, I imagine someone will integrate calendar & GPS functions in, so it will change face to what’s most useful for your circumstances: normal clock for most times, countdown as you approach a scheduled event, hour-generalized for nighttime, ETA when obviously traveling in a common direction, etc. Hard-press the face, flick to preferred watch face style.
You guys are too funny and so easy to get riled up .... like a Ford driving redneck getting mad when they see a Chevy truck with a sticker like this...

You guys need to grow up ,, not everything apple is great,, surely you can see you're just like the high schoolers looking for attention and envy from those of us that JUST DON'T CARE about your unhealthy obsession with being "cool".