Apple Said to Have Team Developing Wristwatch Computer
From dictionary.com:
fob
[fob] noun
1. a small pocket just below the waistline in trousers for a watch, keys, change, etc. Compare watch pocket.
2. a short chain or ribbon, usually with a medallion or similar ornament, attached to a watch and worn hanging from a pocket.
3. the medallion or ornament itself.
Last boldfaced emphasis added by me.
It’s short, like “iPod.” It’s probably easily pronounced in all languages — like “iPod” is.
And, for the Apple haters, it has built-in derision under the alternate definition:
fob
verb (used with object), fobbed, fob·bing.
1. Archaic. to cheat; deceive.
Verb phrases
2. fob off,
a. to cheat someone by substituting something spurious or inferior; palm off (often followed by on ): He tried to fob off an inferior brand on us.
b. to put (someone) off by deception or trickery: She fobbed us off with false promises.
And, bonus! It’s an abandoned trademark:
Word Mark
IFOB
Goods and Services
(ABANDONED) IC 006. US 002 012 013 014 023 025 050. G & S: key fob(s) that will hold mp3 players, specifically but not limited to Apple IPOD players
Standard Characters Claimed
Mark Drawing Code
(4) STANDARD CHARACTER MARK
Serial Number
78748935
Filing Date
November 7, 2005
Current Basis
1B
Original Filing Basis
1B
Owner
(APPLICANT) Scott Winfield Griesman Jr. INDIVIDUAL UNITED STATES 5205 N. 24th St. #207 Phoenix UNITED STATES 85016
Type of Mark
TRADEMARK
Register
PRINCIPAL
Live/Dead Indicator
DEAD
Abandonment Date
November 28, 2006

Interesting idea. We’ll see, soon enough.
The trouble with it for me is that I’d have to keep reading glasses ready *all the time*. I hate having to use reading glasses.
I have no choice. I wear glasses all the time when awake. I currently use my iPhone as a watch and rarely wear a wristwatch. The time display is large enough, I can read it without glasses. In effect, it is a rather bulky pocket watch.