So I saw this come out last year winning some design awards. I put my name down for one which eventually came in February. But I was waiting for the IPod Nano to go through a refresh which is happening now. So the price has come down a bit.
Bought the Silver IPod Nano at Officejerks for $139.
http://lunatik.com/lunatik
As a piece of design awesomeness, it's awesome. As a watch, well, you need to charge it every few days. But you can still wear it and use it if you sneak the headphones up your sling sleeve shirt.
Hairy wrist warning!