Well the Ultra was a very recent addition and it already makes other apple watches look insignificant

Not really. The Ultra was my first AW and I only bought one extra watchband for it. My plan is to keep this watch for as long as possible so the bands will be beat up after those years anyways

No, Steve's direction really wasnt THAT crazy in the 21st century Apple. It would be slightly different, the product stack would be simpler, but nothing revolutionary