Apple files application for ‘iWatch’ trademark

Wearable technology seems to be the next frontier Apple will try to conquer. For some time now, rumours have been abound that Apple is creating a smartwatch (like many others), and the evidence is mounting that this is in fact true.
From Yahoo Japan we find news that Apple has indeed filed an application to trademark the “˜iWatch‘ name in that country. This comes after rumours hit back in February that 100 Apple employees are working on the alleged watch.

Earlier this year there was also a patent application from Apple for a watch-like AMOLED device that proposed a slap bracelet, kinetic energy charger and “end-detection” user sensor, among other features. It seems highly unlikely that Apple would go through so much trouble and not bring the device to market, as some have suspected before.
Do you think this is the next must-have device from Apple?