MicrosoftMonitor.com has what should be the first Microsoft SPOT Wrist Watch review.

We follow the SPOT Watches very closely. The launch of the Microsoft MSN Direct Watches was postponed till next year.

From the Review:
"Overall, SPOT is an amazing concept, it shows the power that software has to transform already useful objects into objects that provide even better functionality. There was clearly a lot of thought put into the design of the functions. The watch makes no attempt to view or edit Excel files, you can't even store your contacts on it. But that kind of contextual responsibility is one of the things that make this design work. Highly recommended."
Full Review.

See Also:
New Fossil SPOT Wrist Net Watch Dick Tracy
MSNDirect SPOT Watch Delayed till Early 2004
Suunto readies n3 Microsoft SPOT Watch