They all have the interchangeable bands. It's the stainless version of the watch itself which is supposed to be the cheapest one, but the link bracelet is likely to be either a separate purchase or a more expensive version (since it seems more expensive to make than those plastic bands). I'd guess something like $450 for this exact configuration?
Personally I think if they have ranges from 350 - 10K like some people are suggesting it will be a big mistake.
If they can find a way to keep the ranges the way they do with their phones and ipads. Within a few hundred dollars, they would be in great shape.
Go from 350-699 and then sell the bands from 29-79 or something like that.