Is The iWatch Coming?

Are we one step closer to Apple delivering an iWatch to consumers?  According to the report, "Apple Inc has applied for a trademark for "iWatch" in Japan, a patent official said on Monday, signaling the iPhone maker may be moving ahead with plans for a watch-like device as gadget makers turn their attention to wearable computers."  So what about a US patent?  I admit to ignorance to the trademark and patent game but find it interesting that it was in Japan unless a patent was already submitted in the US.  No announcements yet but I would love to see this product made available for this holiday season.