Wasn't sure if I should post this, but hey maybe someone out there would think it's a good deal. (I'm in no way affiliated with Centrecom - was just checking out a Philips monitor when I noticed the price on the watch)
They also have the mesh steel version for $299 https://www.centrecom.com.au/huawei-w1-smart-watch-stainless…
and the black version for $349 https://www.centrecom.com.au/huawei-w1-smart-watch-black-steel-with-link-strap
Looks like they're removed the black version from their website
All have been removed from website.
Good price considering what it once was, although would wait till tomorrow when the Android Wear 2.0 announcement is made along with any new watches.
In saying that I'm fairly sure this watch will receive the new update.