From the Portland Press Herald:

The California gun store that put the nation’s first smart gun on sale is facing a furious backlash from customers and gun rights advocates who fear the new technology will encroach on their Second Amendment rights if it becomes mandated.
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Attacks in online forums and social networks against the Oak Tree Gun Club have prompted the store to back away from any association with the Armatix iP1 smart gun.

I don’t think we need to again go over all the reasons this type of gun is a bad idea. Besides, that watch (see picture at link) is the clunkiest thing I’ve seen in years . . . well, besides my 2000 Forester.