Seiko's E Ink watch is the first one with an Active-Matrix E Ink display and can display the time, date and a world-clock option with a nice photo of the earth.

The will be released soon - it's already up for pre-order in Japan for ?84,000, which is just a little over $1000...

E Ink display info: 
Active Matrix E Ink with 80,000 pixels, 4 gray levels, 300 dpi
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