Trying to 1-up Tag. Everyone's coming out with the story on this, but here's Hodinkee's.
I like the military faces quite a bit. It looks good; I didn't see GPS mentioned, tho, and if that's not included...that might be an issue. Still much too big, but you can't go small and keep broad functionality. You shrink display space too much.
The hardware may be about one, at most two, iterations away. Samsung's got their 10 nm process up and running, so a couple of the top-end phone chips are starting to come out. The 10 nm translates to either higher performance, or...more important, I think, for watches...lower power consumption. And Samsung is still saying the next size reduction is slated for next year...8 nm. The display power consumption is likely to be the limiting factor on making significant battery life improvements, tho.