I hear this complaint a lot, and had begun to think of it as an internet meme that was part of the ongoing guerrilla war between Apple and non-Apple products. I don't doubt your particular complaint, but I have been reading on my iPad with iBook from the jump and have no issues with it. The Retina screen is about as high a resolution that my old eyes can see; not sure what more would offer me. About the only issue I have encountered is the very rare times I read in full...
Oh please, the amount that each consumer would miss out on is minuscule compared to the amount the lawyers would miss out on. And why would a judge care about lawyers--it's almost as if she was one . . . Oh wait . . .
I agree completely. Apple rarely "collaborates" its way into new territory, preferring to go its own way. They may buy a related company for people or parts, but not to buy its way in. Even the Beats buy has yet to prove otherwise. The iPod name is known and respected. A wrist version would not be seen as a risky new thing, but the next iteration of a popular product.
I have seen a few posts, including mine, that emphasized the iWatch as the evolution of the iPod Nano. Whether this is the case, or whether this is misdirection by Apple, or merely CYA patents remains to be seen. I am betting Apple is leveraging iPod--"the product that changed the world, and your life, is reborn to do it again."