Got this for Xmas
.... after telling my wife about it.
The random connection problems are an issue but it has many major flaws:
#1: whilst it is great that it has a find my phone feature, over xmas, I was hoping for a "find my LiveView" feature as the unit pops off the wristband far too easily. And no, you can't glue it on, as it needs to pop off the wristband in order for the charging usb port to be accessible. Thus, since you charge it rather often (more on that in #2), the unit needs to be removed and put in place, which means it becomes even more likely to jump off the wristband...
#2: maybe it's a side effect of having to attempt to connect an fail so often, but the battery life was closer to a single day than anything, often far less than that.
#3: the unit reset many times, after which you'll not have a working clock until you get reconnect. It would reset sometimes spontaneously, sometimes when I powered it on to tell the time. Other times I'd have to reset it to see if it would connect or not... Often the battery would die before I managed a reconnection.
The three above issues are quite problematic, and make this feel like a prototype/experiment product that was rushed out to cash in on the Xmas sales - before much testing was done.
Having spent most of the xmas break wearing a non-functional device (dead battery), or a pointless device (couldn't connect after a reset so could not tell the time), or wearing just the wristband whilst retracing my steps to find where the little black square had gone to, I wasn't impressed. Then, after an LiveView app update was pushed to the market, the new Liveview client on my up-to-date, non-rooted & factory unlocked HTC Desire phone (supposedly one of the few supported devices), it worked perfectly from one glorious evening! (This was unfortunately after Xmas, after my family got to see their 'tech guru' show off his latest innovation that doesn't function (last year I had an Archos 5IT which after an OTA update decided to not connect to any wifi network - &*%!). That device got working after a few tweaks and updates, but it lives in a drawer and will be recycled soon enough.
So, back to the LiveView - it was WORKING !!! - I was living the dream finally! I got a call notification, then later a gmail notification and even read most of the email on my wrist. All the while I was able to tell the time whenever I wanted without taking my phone out of my pocket - I've not worn a wrist watch this century. Fantastic.
Alas, the next morning, the power button (one of only two buttons on the unit) stopped working rendering the unit completely useless.
It's being repaired at the moment by SE.
I love it, but it needs stability and a redesigned strap. At least it wasn't crazy expensive.
I'd recommend waiting for the next generation, or at the very least until a proper firmware update is released.