Australian SMS Technology has updated the M500 wristphone they launched in May. The most visible update is the new metal clasp that prevents the watch to fall off your wrist when you open it. We just received these exclusive photos of the new clasp from SMS Technology.

Compare to that to the standard strap used in the first M500 model.

Garmin announced the Forerunner 50 sports watch today. The Forerunner 50 is the only sports watch with automatic wireless sync that helps runners and walkers track their workouts.

The Forerunner 50 can track up to seven hours and 100 laps of detailed data. The Foot Pod accessory can track how long you run on a treadmill or how you walk in a day at work.

A Chinese company introduces an interesting new wristphone. It is apparently still in a prototype stage.

There are only several photos available but little specifications. The wrist phone uses Bluetooth to take calls via a Bluetooth headset.

Fossil brings the display technology known in mp3 players to the wrist watches.

The watches feature a multi-colored OLED display with large time digits and small status icons. There are two styles available. The all leather model (JR9464) has the display integrated inside the leather band (photo).

Jaeger-LeCoultre introduces the Master Compressor Extreme W-Alarm timepiece. The Master Compressor Extreme W-Alarm features Master Compressor Extreme W-Alarm new features compared to former Jaeger-LeCoultre Compressor watches world-time and an alarm.

The alarm is an a gong type sound. The closed and angled circular gong surrounds the movement and is secured to the case middle by two pins.

A group of researchers at the Georgia Institute of Technology in Atlanta developed a gesture input wristwatch. The Gesture watch recognizes hand gestures and uses them for touch-free control of MP3 players, mobile phones, or home appliances.

The Gesture Watch has five infrared sensors, four of which sense any hand motion that occurs above the watch.

Maurice Lacroix announces the Memoire 1. The Memoire 1 will be the first mechanical watch with a memory function.

The Maurice Lacroix Memoire 1 has a simplistic dial with two hands. One for the minutes and one for the seconds. A disk to indicate the hours. An indication at 3 o’clock reveals the cool secret of Memoir 1: By pressing the button integrated into the crown, the mode changes from “Time” to “Chrono”. The hands and the hours disk immediately change their positions. If their previous function was telling the current time, they are now available for the precise measurement of time intervals. When the button is pressed once again, they all return to their positions for telling time.

GlobalSat is now selling the GlobalSat GH-615M GPS Sports Watch in the United States.

The GlobalSat GH-615M combines GPS tracking with a heart rate monitor. The watch utilizes the SiRF Star III GPS chipset. The wrist watch also supports WAAS / EGNOS for superior precision marking and has enough memory to store up to 60,000 waypoints.

The Think the Earth group and Seiko introduced the Earth watch WN-1 in 2004 and it is still one of the most unique and exciting watch designs.

The virtual earth rotates once a day as the real earth does in a counter clockwise direction with the time zone indicator pointing to the correct hour on the bezel. The orange dot serves as the minute hand rotating clockwise as in a traditional timepiece.

The Hangtimer from DropZone is a cool watch for any sport that includes jumping. Snowboarders always brag about how long they are airborne. With the Hangtimer you can measure it exactly.

The HangTimer has a built-in tri-axis accelerometer which measures your actual hang time. The carbineer style design can be clipped to a belt loop. The Hangtimer is powered by two AAA batteries and has a rugged water resistant case.

10/2 was the day when Lance was diagnosed with testicular cancer. After conquering that, he went on to win the Tour de France a record seven times. The 10/2 Foundation was set up by Lance to help fund cancer research with the hopes of someday finding a cure. This watch commemorates Lance as an icon, both athlete and hero for the cause of fighting cancer.

The Nike Limited Edition Lance Alti Chrono Ti features a titanium case and a Lance Armstrong specific dial face design and signature icons engraved on the back side.

Nike offers the Triax Vapor 300 performance running watch.
The new Triax is using aircraft aluminum casing, curved mineral glass, performance polymer strap and an extra large plastic LCD display made by SoftPixel.
The Nike signature diagonal display is better read on the fly.