All the coverage you could possibly want on the new iPod nano
iPod Nano Watch: Steve Jobs Floats Wristwatch Idea (POLL, PHOTOS)
Latest: 76% of respondents would slap it on their wrists.
Latest: 76% of respondents would slap it on their wrists.

The new iPod nano can be ordered from Amazon now (they estimate it to ship as early as one week) if you order from the link to the left, you will be supporting Dr. Sooper Smart's exploits.
Update 1: According to Apple (via Engadget), the new iPod nano does not sport iOS, so it looks like it may be harder to get Safari running on your wrist (or playing videos for that matter). Source: iPod nano review (2010) -- Engadget
Update 2: Engadget reports on a supplier of watch bands at

§That is, if saurik has the time.