Can The iWatch Save Apple?

First came talk of an Apple TV and now the push is on for an Apple iWatch; bottom line, is there another product in the line-up that can restore Apple to coolness and pull back up the stock price?  According to unconfirmed reports, the iWatch is coming with some valued features.  "Features under consideration include letting users make calls, see the identity of incoming callers and check map coordinates, said one of the people, who asked not to be identified because the plans aren’t public. It would also house a pedometer for counting steps and sensors for monitoring health-related data, such as heart rates, this person said." 

Would the younger audience even where a watch?  Would the older demo replace their current watches for an Apple iWatch?  For me, I am probably more likely to wear a watch then wear a pair of Google glasses.  Heck, I despise wearing the 3D glasses in movie theaters.  Wearable computers are certainly the fashion of the future.  But perhaps we should take our cue once again from Star Trek and look instead at a device that also acts like a pin.  If Captain Kirk wears one, maybe we should too.