They are just another device in the BYOD mix. A smart watch is little more than a smart phone except it's on your wrist and probably has more med, diet and exercise measurement etc. The challenge comes with wearable devices in your clothes or ones that are not visible. That's well into the future, IMO.
Agree with you Chris. I have worked with too many companies who is either confused with what cloud is or expects something different from what their IT can deliver. Having that business and IT alignment, and with a crawl/walk/run approach is best in my opinion.