I have this and *love* it.
Divx files will need to be transcoded.
The Agio UW-F029 Digital Multimedia wristwatch features 512 MB of memory and a USB 2.0 interface for fast full speed data transferring! The UW-F029 supports AVI (Xdiv) video, MP3, WMA and OGG formats and has a high-quality 1.3-inch OLED screen with 160 x 128 resolution.
With this cool and stylish Aigo UW-F029 digital wristwatch you'll be able to get approximately 4.5 hours of audio playing time and 2 hours of video playing time, plus you'll be the coolest person on the block!
Order here: http://www.geeks.com/details.asp?invtid=UW-F029&cat=MP3