There were plenty of cool things on display at the Consumer Electronics Show (CES) in Las Vegas earlier this month. The Waveface stuff from ASUS was proof of that. Another example would be the cell phone watch from Kempler & Strauss - the W Phonewatch.
According to the company, it's the world's smallest full-function GSM unlocked cellphone watch. It's bluetooth-enabled, and works seamlessly with existing in-car and in-ear Bluetooth devices, but it's optimized for use with the Kempler & Strauss Communicator, which is a micro-handset that can be stored in a shirt pocket or worn on the ear.
The watch comes complete with micro-touch user interface, a micro SD slot, MP3 player, camera, and video recorder. It is of also a phone and a watch of course, and you can put your SIM card in it. It has a battery life of 3.5 hours talk time, or 100 hours on standby.
It's not available quite yet, but it is scheduled to ship on February 20, and they are taking pre-orders for it. It costs about $200.