Nike AMP+ iPod Watch
This isn't the first watch to integrate iPod functions, but it is the first from Nike. The watch looks very basic, black on the outside, and bright red on the inside. You can also only see the screen when its on, which I assume means it has some sort of off switch or at least a standby mode.
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I guess the AMP+ is designed to be linked to a Nike+ capable iPod Nano. When the connection is mad the AMP+ can display tons of info from your iPod and can even control it.
Apparently there have been 13 of them sighted. They are due out for the general public in a few months, with an, as yet, undisclosed price.
Nike Amp Watch Leaked [via OhGizmo]