Smart Watch Controversy

So the Samsung's Smart Watch "Gear", is missing the mark. What price and what features hit the mark for you?

For me I'm thinking $150.00, I don't mind it being tethered (i'll almost always have my phone with me), but prefer to choose the connectivity partner, Wi-Fi, phone, etc. I'd like to have the ability to search, call/sms contacts, time/ weather... I'm curious what you all think.