touched on the m300 GSM watch a couple weeks ago with a healthy dose of skepticism, but it now appears the device is more than just vaporware. SMS Technology, the m300's manufacturer, did us the favor of sending along a handful of in-the-flesh pictures along with a detailed account of its development. Apparently, the m300 owes its existence to another Australian product -- MTrak -- a kevlar-strapped GPS bracelet designed for tracking children. MTrak evolved into a CDMA watch phone, and then on to its current GSM incarnation. Packing the GPS proved too bulky for a mainstream watch, though, so the December '06 delivery date is giving SMS some additional time to engineer that part of hardware out of the platform. The result is said to be roughly the size of a TAG Heuer, supports speech-to-text for messaging, and rocks both Bluetooth and a speakerphone -- not shabby specs for a phone the size of a few coins. The company claims to have some 1.2 million Australian orders alone on tap, so hats off to these guys for giving it the old college try, eh? More wrist-talkin' eye candy after the break.