I have a pebble and like it, but damn, it's disappointing. So many hardware features that are not utilized by the software. There is no way to hack it, no way to change anything. Even the menus are insanely underwhelming.
I like their general approach to keep it a watch (and am quite happy it doesn't have a touch screen so I can turn the joke around to the people tapping on it), their technology is pretty good (nothing can match that screen and the resulting battery life) and they have managed to build a nice culture around the company. However as a customer I'm just getting increasingly annoyed by the constant spam-mails trying to get me to buy the same watch again or reminding me of the changes they make against my will. As I said the software is not extensible in any way and, oh right, it likes to crash when I need it the most (to tell the damn time!), making me connect it to my phone and do some intransparent updating magic that works half of the time when I'm already running late. There are just many features that would have been trivial to implement and I was sold to expect, but now there's no way to get them. The microphone for example is essentially useless. Granted, the speech to text feature works quite well, but it's still essentially a failiure. I CAN'T use it to reply to text messages with a voice memo (instead relying on the dictation feature, which is slow and almost always gets it wrong) or for dictation, which was my expectation and would have been super simple. Plus there was some confusion about the specs of the device, which Pebble had no interest clearing up, as it seems.
I think their (recent?) renaming to"Pebble Technology Corporation" sums it up pretty well. They're pretentious.
The watch is a great little device. It's tough, the battery lasts forever, it's water proof, the screen is great. But they still managed to screw up.