Strongly disagree there. I think wearable technology is exactly the next big thing. Might be Apples watch, might be Google glass, or might be something else - but wearable is where it is at. Lots and lots of R&D going into that area right now.
True, but lots of R&D in the home electronics industry went into 3-D in the past few years, and people still don't really care - when, if you listened to the pundits 2-3 years ago, we'd be watching all our content in 3-D by now.
Disney went with a bracelet because the logistics of doing it with phones just is too much - unless it was run by text messages, there are just too many compatibility problems to roll out a universal system (and even then, some people who pay for texts still would have been a thorn). The only way they could not have countless, eternal tech support issues, was to use their own hardware token.
With the wearables - we can't even get most people to use Bluetooth ear pieces in the car, the audience for those products is finite. Smartphones are getting bigger, not smaller - and while I find Google Glass neat and sure, if it was $500 or under, I'd so buy one, it's going to remain a curiosity and a toy in the consumer realm - though it does have some definite possible industrial potential.
An iWatch (which would inevitably be connected to your iPhone and give you alerts, etc.) would be invaluable to a certain group (people that work a job where they cannot look at their phone, etc.) - or in the workplace (could see Disney using something like that instead of those short range phones), most consumers are feeling too connected these days, and aren't clamoring for another device to further tie them to their electronic life.
So again, absolutely agree that a lot of R&D is going into that area, but it's going to be stuff like NextGen for industrial/recreational/commercial purposes, not really for every day use by the average consumer.