Confusing title O.o
I'm pretty sure they are wearable ?
Or i might be horribly misreading this. They are just normal PlayStation branded good ol' fashioned time telling watches.
It seems the definition of "wearable" has already changed to imply "a smart device worn on your body" . A normal watch is now just a .. watch ...not a wearable watch
We can start blaming Engadget , i see they even have a section:
http://www.engadget.com/topics/wearables/