Should I get an Apple iWatch for my birthday?

Rumor has it that Apple will unveil its much awaited iWatch next week, just in time for my birthday!!! And people are speculating on what it will look like. Apparently, it will have 8GB of storage which means that the folks in Cupertino expect you to store songs on your phone.

I like smart watches. The features that I like the most on the current crop are

1) Stealthily read your text messages without having to open your smart phone; especially during dull meetings.
2) Connecting to a car's blue tooth and controlling most of the basics from there. For a perennial car renter like me, this means that I don't have to constantly learn how a new car's dash operates, as long as it has blue tooth, I'm good to go.
3) Monitor health related statistics like pulse rate, miles walked, jogging/biking path,  - its already on your wrist.

4) Plays MP3s while you're exercising. Yeah, smartphones do that too but you don't have to wear those awkward iPhone armbands anymore!

5) It's fashionable. Like Google Glass, just not as dorky.

I'm sure there are a lot more things going for iWatch but I want to focus on the last one bit. Ming-Chi Kuo of KGI Securities thinks that it will

        * two screen size options: 1.3-inch and 1.5-inch *

        * two color options: aluminum like the iPhone, with gold color option *

But should I buy the iWatch? Will people buy the iWatch? The iPhone 6 is rumored to come out this fall too so there is competition from Apple itself. Maybe I should just upgrade my phone and wait until after early adapters debug and critique the iWatch. After all, it could turn out as a bad purchase like the Google Glasshole device.