I know even less about Rolex than other watch topics which says it all. I'm assuming that Rolex entered the market when the product standard was the mechanical watch, so their goal was to sell a Rolls Royce version of the product everyone was using. I can easily see how that could be made to work, which it obviously has.
Today the mechanical (collectable) watch is nearly dead to the general community world wide who have zero interest in watch forums, if they wear a watch at all. I admit I was focussed on someone from left field coming in and attempting to deliver a viable competitor to the Kings of the craft. My view is if there is an opening at the level we (I) am thinking, it would need to be extremely innovative. As one with limited needs, my list of practical useful stuff is met in one package by the Tissot T Touch Solar, so I can't envisage anything else I would want from a practical perspective but no emotional attachment.
However, there is always something different around the corner and like cars, you buy for the oddest of reasons.