True, yet as someone who went from the Steel to the Time Steel (and had his Steel stolen), the display readability was a big downgrade;the old Steel was simply far easier to read.
The new Time 2 fixes this, from what I can see, in addition to making the display bigger (two sides of the same coin, but still worth the distinction).
Adding the HRM feature, and the fact that I love everything else about my Time Steel (the readability being the exception), I buddied up for a 2x order.
It's worth mentioning that the Pebble team have been doing some fantastic work on the OS on the past few months; the continuous updates are great.
Also I still get 9+ days from each charge with my always on display; nothing else in the smart watch market comes close.