Although it won’t be available for purchase for months, Apple just announced the new standard in smart watches and wearable computers. It’s as far ahead of the status quo as the iPhone was from the “smart” phone pack on its introduction back in 2007. But as it stands, the Apple Watch doesn’t transform the market: Although it will undoubtedly capture most of the smart watch market, this isn’t yet a transformative product for modern society like the iPhone or iPad.