I don't expect to watch a movie on it, I just want it to look stylish and help me stay connected in a less douchey way. The fact that it may replace my Polar heart strap and watch when I'm working out (Hopefully it's more reliable than the Basis watch) is just icing on the cake.
I have a feeling there will be some interesting third party applications, off the top of my head it might be nice to know when my boss is nearby, perhaps based on strength of his phone's bluetooth signal.