Pros: Sooooooo...
Pros? ow, yes.
This is amazing. Your:
-Phone, Camera, MP3 player, video player,
Is on your arm.
-It take me 2 seconds to start it up and take a picture. FAST!
-You get a free pocket ^^, for lasers, flash lights, guns, chickens and what so freaking ever you would like to put there!
-WARNING! The speaker is mean,if set to highest volume, there's a risk of panicking and to try ripping you Watch of, while listening to Heavy Metal. (I tried it, really embarrassing!)
-It comes with TWO batteries! GREAT! Use it 3 days, then plug the next in, and off you go. If one of them goes dead, use the other one ^^. Brilliant!
-EVERYTHING is USB.. perfect for a computer geek like me.
-It is Watch, so you can see the time.

Cons: -It lies. There is a sticker saying "2GB", yet, where are they? I got a 512MB, not 2GB!
-The Bluetooth unit is not that great, I would say it's a con..
-It's not that small.. Kind of big, actually :\
-If you buy this, and wants to play video, you got to know this:
it plays this file: 3GP (3GPP) + AAC
NOT QVGA, but QCIF!!!!
-In video player, I cant get it to play audio in bluetooth headset. Annoying.

Other Thoughts: - This is a gadget. Not a professional SMS tool. yet MMS is very easy to send.
-Friends will go "wow dude, that is sooo sick!" and will not believe the Media player. or the speaker. or the fact that this is a phone.

Bottomline: If you got some money, and want a new phone, go get this :P
It is worth it. really. Free Pocket, Remember that! It ROCKS! ^^