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Seiko has announced a new EPD Watch that has an Active-Matrix E Ink display. It's the world's first phone with such a display (there are already some with segmented E Ink "Surf" displays). The display has 80,000 pixels (300dpi) and 4 gray levels. The watch can display the time, date and a world-clock option with a nice photo of the earth.

We don't have pricing details or release date, but we did found a nice video over at YouTube showing Seiko's new watch collection (Jump to 3:15 for the E Ink watch):