Depends if you afford it - compared to say an Apple watch ;-) - that only works with an iPhone. I have had a couple of Samsung Gears and hated them - they didn't work well and required a Samsung phone.
I love my band, it works well for a Gen1 device and works (to various degrees) with Android and iOS. It's not a watch - although it tells the time and lasts a couple of days with average use. It's not App bloated... oh and I believe it works better than a certain smartwatch with tattoos or dark skin ;-)
It is ugly and some people don't like the way it fits. For me, the fit is comfortable, if a bit bulky - you get use to it.
Is it worth $200 (or approx $270 here in UK), yes.