The two images above were taken from this video (thanks to Sparta). At 53 seconds in, the President's watch is still visible on his wrist. At 1:04, it is gone.
It's emblematic of the whole thing, really.
Claude Salhani notes in the Washington Times:
Both the Albanians of Albania as well as the ethnic Albanians of Kosovo realize the United States holds the key to Kosovo's independence from Serbia, much more than Brussels or Moscow.
Indeed. And what will an independent Kosovo be like? Well, from all appearances it will be an Islamic state and a new base for jihad activity in Europe and elsewhere. Yet the President has said that "Kosovo is independent."
Would the man who said "You're either with the terrorists or with us" really abet the creation of such an entity? Check your watch, Mr. President.
UPDATE: The White House says Bush has the watch. From the video above I find this difficult to believe, but the President has surprised us before.