I mean, it's simply undeniable that both Bands had severe quality issues, and weren't exactly fashionable.
Even if the first Apple Watch was lacking functionality and features compared to the Band, it certainly isn't lacking now.
And even if the Apple Watch is a "failure" according to tech pundits, it's still sold millions and is by far the most successful wearable out there while Fitbit is struggling to make a profit.
I have no idea what Microsoft's future plans for wearables are, and that's not out of the ordinary - I knew nothing about the Band 1 or Band 2 until they were announced publicly despite working for Microsoft - but I wouldn't be surprised or even really that sad if there's no Band 3.