The Wall Street Journal [paywall] is reporting that the iWatch will be announced this year, but not be available until 2015. This jibes with what John Paczkowski said last week.

John Gruber also posted a couple more "jokes" last week that confirm what WSJ is reporting:

I’ve been working on a new joke — about NFC and a new secure enclave where you can store your credit cards, so you can pay for things at brick and mortar retail stores just by taking out your iPhone, but only if it’s one of the new iPhones — but no one seems to get my sense of humor.

Follow-up joke: It would be cool, and would make a lot of sense, if the new wearable thing had the same magic payment apparatus.