According to the official site:
The M500 takes mobile communications to a whole new level. With over 80 hours standby time, full sms functionality, Touch Screen, full blue tooth compatibility, Dial Up Networking, Games, Mp4 Player, 128 Mb Memory, USB connectivity for software uploads, downloads, 199 number memory storage, 40 embedded real tones and its sleek sophisticated design make this the world’s first truly mobile wristwatch.
If you look carefully on their site, you’ll spot an iPhone-like theme on the wrist phone. Rumored to be about US$1k and ships from Australia. Haven’t found any videos to prove its authenticity. As my friend Nelson says, “Dick Tracy anyone?”
See the official site at mymobilewatch.com