I wear a watch -- a Timex Expedition with a brown leather strap and glow in the dark face/hands for casual wear which I only take off to shower (and sometimes to sleep) or to wear my other watch, which is a brushed silver (SS) link (so it don't shine) for dress-up that I got in high school. Neither is a real fancy watch, but both serve their purpose, and each fit, which for me is a major factor. I have rather small wrists. I guess I would use the phone more for telling time, but looking at my wrist is so ingrained it hasn't been retrained yet.
On the otherhand, DC doesn't own a watch, prefering to use his phone, ipod, or other electornic device.