The smartwatch concept isn’t anything new, but 2013 appears to be the year the gadget is destined to go mainstream. Samsung’s Lee Young Hee has admitted to Bloomberg that the company is working on a smartwatch that would likely go head-to-head with an iOS-powered smartwatch later this year.

We’ve been preparing the watch product for so long. We are working very hard to get ready for it. We are preparing products for the future, and the watch is definitely one of them.Lee Young HeeSamsung

Details about the Samsung smartwatch are scarce, but rumors of the Samsung Galaxy Altius indicate that the device may feature a large 500 x 500 pixel touch-screen with a tiles UI to control music, watch faces, email and notifications. Hopefully Samsung has learned a lot from its phone watch and Bluetooth watch ventures in the past and will be able to give consumers something as intuitive and useful as Pebble and as stylish as the Sony Smartwatch.

What’s your take on the new smartwatch craze? Will the smartwatch be the IT gadget of the 2013 holiday season?