The Dick Tracy Communicator's Stylish Italian Cousin

We may still not have flying cars or jet packs but my first "living in the future" milestone—wrist-borne communications—has just been made real. An Italian watch-maker firm unveiled the "i'm Watch" today and it is awesome.

Though it does offer many of the same functions, the i'm Watch from Buongiorno-DadaEnt is more than just a fancy iPod nano-on-a-strap. It boasts a 1.55-inch multi-touch TFT display (240x240 pixels), 4GB of storage and Bluetooth connectivity, which allows the watch to be tethered to a smartphone and used to pick up incoming calls while an included speaker lets you talk just like the yellow-coated detective. It's compatible with Android, iOS, and WP7 tethering, though the watch itself runs on the Android OS.

Users will also be able to tap into over a million radio stations with the i'music app and listen through the included 3.5mm audio jack. A number of apps, including Facebook and Twitter, will also be available in the i'market (starting to see the naming scheme?).

The i'm Watch will be available in three varieties; the introductory i'm Color that range from $250-300, the i'm Tech that run from $500-600; and the high-end i'm Jewel series that starts at $1100 but tops out at a whopping $20,000 for a white gold and diamond encrusted edition. The first sets will hit market in February. [i'm Watch via Chip Chick]