Several things that I’ve heard (from several sources) indicate to me that we won’t see a new hardware model of the Apple Watch in March. Design partnerships, accessories, that kind of thing maybe but not a “Watch 2.0” with a bunch of new hardware features like a camera. I could be wrong, of course, but I’ve heard enough to put it out there.
As a consumer, I’m fine with the Watch being on a two-year cycle. As a fan of the product, I’m curious as to what’s coming next. Having said that, I don’t think incremental updates are the way to go — I’d prefer to see substantial improvements between generations.