Everyone should now see "Watched" in the main menu. It functions the same as the "New" (unreadreplies) feature that it replaces. If you do nothing, "Watched" functions exactly the same as "New" did: it shows a list of topics into which you had previously posted that have new replies since the last time you visited them. What's new is that you can now directly control what appears in this list. Every topic should have a "Watch" or "Unwatch" button at the top. They allow you to either watch a topic that you have not replied to or ignore a topic that you have replied to.
To put it another way, watched topics are:
- a topic you have posted in
- a topic you have selected as "watched"
When viewing your list of watches, you have the option of listing all topics to which you have replied, even those that have not received new replies since your last visit ("All Watched Topics").
This feature frees up the Notifications feature to be used for its intended purpose: email notifications on topics that are important enough to receive emails about.