The first point is. Gadget bloggers just write anything they can about Apple. Just because they love to write about Apple. Second, if it would be using Samsung's flexible OLED, it would simply be to allow the to bend the display.
The thing that annoys me the most about gadget bloggers is. They post all of these "rumours" created by Apple's PR department, just so Apple won't be forgotten as the last manufacturer in the word not having a smart watch. It's really about time that they cured themselves of this RDF illness.
And people said the square faced android watches looked inelegant...
Like ern88 said, I think I'd prefer a watch then some weird health jewelry. That being said, I think if it expands the smartwatch market, why not.