If you're referring to the iWatch, then what fantastical, overwhelming innovation are you anticipating out of Apple that would make Android Wear irrelevant? Referring to it as a "wearable notification viewer" makes me think you've failed to take note of Wear's voice control features; also keep in mind that the Moto 360 is rumored to include a heart rate monitor.

Wear's UI seems solid and Google Now is a perfect fit for the wrist. I fail to see anything wrong with the platform other than the lack of an Apple logo.