This design concept has been out there for awhile but thought I would point out that we are still just in the beginnings of smart and stylish wearable tech. This looks like a mix of a smart watch and fuel band using the Apple iOS. Now I think curable display are owned by Samsung, but ignoring that for a second, this could be a really nice watch. What I have verified with my Pebble watch is that I do not need a full blown display. If I want extended interaction with my device, I would pull my phone out of my pocket. So even though the screen may look small, I think it is large enough to serve the functions a smart watch needs to serve.
So Samsung, get on this! A PLEASE do not add the kitchen sink.