It's a watch @TheMightyOz in the sense that it displaces the possibility of other more traditional devices from that position on the body (few double wrist, I think). But yeah, it's a wrist computer.
@Guvnor64 many watches are certainly disposable--think of many a watch bought at a store like WalMart. An Apple Watch may not be disposable like those but an old Apple Watch isn't going to be any more obsolete than those devices in a decade or so, in that it will continue to tell the time.
I wear my Apple Watch under my right cuff and my mechanical exposed on my left cuff. That works well for me. They serve different functions. I find it helpful to just look down at the time on a traditional watch face. I don't need the extra information from the Apple Watch on a regular basis. I've set it so it notifies me for the things I need to be notified about and can therefore ignore my iPhone.
I got the Ultra a week ago and haven't taken it off since. I was using a Series 3. It's very useful for me to be able to get calls and notifications, and to reply to messages, without having the distraction of my phone with me. The larger screen, compared to other Apple Watches, is excellent and the longer battery life is super helpful. I find the aesthetics uninteresting and unappealing but keep it mostly under a shirt sleeve. When I want to check the time, I look at my mechanical watch on my left wrist.
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