I understand how you feel but you must understand you get what you pay for. I didn't order the original because it was too cheap and plastic but a great watch if cheaply made doesn't bother you. The Pebble Steel advertised as premium is correct except that it's premium only compared to the original pebble and most other smartwatches. I prefer premium watches and can tell you a watch at $250 is NOT premium, I ordered one anyway just to get started with smartwatches until some high end brand starts making smartwatches. At $250 the steel bracelet will be cheaply made, you can see just by looking at the photos, the links are folded, that alone spells.....cheap. If you want a premium case and steel bracelet in a watch it does not exist at $250. But agree with you some watches at $250 have slightly better Steel Bracelets than the Pebble Steel.
I haven't received mine yet and I'm confident the Steel Bracelet will be cheaply made and I feel the case will be similar BUT at the moment it's probably the best you will get in a smartwatch. I'm looking forward to using it especially with the new App Store, it's a great time to introduce myself to Smartwatches and happy it's made from Steel and looks great in photos. I won't be disappointed as I'm not expecting Swiss Made premium at $250, I will just enjoy it for what it is