The Sony Wega 3 looks really interesting, though probably not at that price. Definitely a tech idea worth exploring further. :)
As for watches, I tend towards cheap timex windup watches. They tell time well enough, I can read the dial with my distance glasses on, and I don't feel too bad when something happens and they inevitably get broken.
Sad thing is, I've only started needing a watch since the nearest church stopped ringing their bells before 9am. That used to be 'accurate enough' and I didn't need to wear anything.