The document discusses new features in watchOS, including new watch faces like photo and time-lapse faces, as well as third-party complications for customized information display. It introduces the 'time travel' feature that allows users to interact with complications using the digital crown and highlights various functionalities like health integration and Siri enhancements. Additionally, it mentions the availability of a developer beta for watchOS 2, set to be released as a free upgrade in the fall.