Whoohoo,
I like that Idea of an self programmable Watch with bluetooth (and its the better with an arm core)!
And if they increase the running time on one charge, I think I would buy one!
(4 days is way to less, I would constantly have to ask other people for the time, because I would forget to charge that watch.
Even my Mobile Phone lasts nearly 2 Weeks on one charge ...)
I hope they will improve that.

How about using an e-Ink display or Mirasol display or the like
and an MSP430 or an ARM Cortex-M processor to save some energy ...