Strange analogies aside - the point of my post is that the Apple Watch uses too much of my time and energy to 'baby' it and make sure it is operationally ready. Yes, I love unlocking my Mac with it, getting the time and reading notifications on it, so big bonus there. I did used to have Fitbit device for a long while there and enjoyed the fact that I only had to plan and think about charging it every 2 or 3 weeks, rather than every 1.3 days.
Even if it was an even 24 hours recharge cycle for the Watch, it would be a darn sight more convenient, as I could get into routine of charging it at a set time every day, but the fact that it (a) runs out of charge at different times of the day and (b) takes a long time to fully charge up means that it just takes up too much of my conscious thought to manage it, and I would far rather spend that time and energy elsewhere on things I consider more important. Heck, I have enough trouble keeping my cats fed and happy - I don't need something else constantly bullying me as well.
Similar with your Ferrari analogy above. Rules permitting, it would make an awesome golf cart and I would do so without hesitation. My main problem would be 'babying' it again and worrying about other golfers denting it with errant shots or thrown clubs (you'd have to play golf with me one day to see how prevalent that is among the guys I play with!) :)
First world problems, I know, but I think it is a big factor as to why most of the first world seems to shun the smart watches.