I'm not sure that the technology exists to make the iBand in the way you describe in 2014. Bear in mind that they would have to already be pretty heavily into development if they're releasing it this year. Curved displays are only just being worked out, and getting all of those features (and a large enough battery) into a device small enough to not be another Galaxy Gear watch looks tricky.

Just to heap on a little more negativity, I really don't think the Democrats are a lock for the midterms. Gerrymandered districts alone will that difficult, let alone the general objections to Obama that will stick around. Many will continue to hate Obamacare irrespective of any actual results.