Hey, what about a little research before posting ?
"a metal bracelet, and here is the first glimpse I've seen of one". From the very beginning, the BB line was proposed with either rubber OR metal bracelet...
"the watch is steel. Why is this important? Because steel is a lower cost metal and indicates Hublot realizes it cannot continue to fuel demand for its ultra decadent Big Bang watches constructed of exotic and/or precious materials". Once again since the BB line was launched, steel watches were available and have never left the serie.
You might be referring the "bigger bang" line, a watch with a lot more sophisticated complication (chronograph tourbillion), from which a special edition is made every year : the one million bang.
I highly doubt Hublot is trying to move down form their current position in the market (mostly 10k to 20k watches, which correspond to entry level watches for Patek Pilippe, Vacheron Constantin or Audemart Piguet) according to their new line and soon to be announced models.
Instead of talking about "ultra decadent watches with exotic / precious metal" u should have mention the fact that it is outrageous to put such a price tag on a watch without a proper in house movement. For watch connoisseur the metal used is quite irrelevant – cheap steel or titanium versus platinum doesn’t make such a big different – ; what matters a lot more is the horlogical mastery and complication of the movement.

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