Android powered nano-like watch anyone? The video above from I’mWatch, a brand owned by Blue Sky, shows an interesting little Android powered touch screen with wristband, which eerily resembles the many third-party products available for turning Apple’s iPod nano into a similar accessory.

I’mWatch is a device that appears to be focused on connecting to your phone in order to provide quick reference to everything from incoming calls to emails, and Facebook and Twitter notifications. It does this by fastening an iPod nano-like, fully functional touch screen to the traditional wristwatch form factor. The site even mentions the ability to touch, drag, swipe or pinch”.

Mysteriously, a list of compatible devices mention the I’mWatch is compatible with iPhone 4, in addition to Android devices, BlackBerry, and Windows Phone 7. We haven’t seen an Android device that is able to interact with an iPhone or iOS like I’mWatch claims, so we’re skeptical about this so called iPhone 4 compatibility.

The I’mWatch device’s display specs look like they were lifted from Apple’s nano with an identical 1.54” (diagonal) colour TFT display, with a 240-by-240-pixel resolution and 220 pixels per inch. Other specs are less impressive with a  built-in microphone and headphone jack, Bluetooth 2.1, MX233 CPU, 64MB RAM, and 4GB flash memory.

The device is available for pre-order now, but we’re guessing you’ll want to see more of the I’mWatch in action before jumping onboard. I’mWatch also comes in several colors as you can see from the video, but also appears to be available in high-end luxury models sporting gold and diamonds.