Just for fun, this was my heart rate while launching this: https://twitter.com/AppCardiogram/status/591377862441046016
Stores heart rate data at 1 second intervals during exercise tracking and at 5 second intervals all other times
Thank you!
Basis, Amiigo (not yet for sale), and even Epson have wrist-based trackers which claim some form of continuous heart rate monitoring. The Epson in particular seems interesting, as they developed the sensor in-house with a focus on power management; they say it can record continuously for 40 hours.
Edit: And as far as I know, Suunto was really the first company to pursue measurement of HR variability. They have some interesting whitepapers, if you use the Google.
I think if we can get true, beat-to-beat monitoring, the health implications would be huge. Doctors don't care a whole lot about steps, but they definitely care about heart rhythm.