Wow, I did not expect the Apple Watch to be able to detect those gestures shown in the video. Impressive.
The watch gestures seem useful whenever you have a handful of groceries and need to answer a call.
It's possible the extra hardware in the watch band makes it work much better, which would be cool! But it's hard to beat built-in. And I presume relying on those comm ports in the watch band connector and watchOS functionality is... risky.