Student Making a Startup. Need You Autist's Advice

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There is a device called a vibrating metronome. It is a wrist band device that vibrates at a specific bpm or rhythm you make for it. They had an indiegogo campaign and then joined an accelerator in Hong Kong and became somewhat successful. They are now sold at Guitar Center.

That being said they have about 50% negative reviews and also cost $100 not including the app stuff. There is also a competitor called the Peterson Bodybeat that is an add on for their standard metronome.

My question is, Should I pursue making a competing product with Soundbrenner? I have a decent team in place and am currently exploring the possibilities with a business plan some app prototyping and 3d modeling. But do you think I missed the window? Am I too late to be successful in the vibrating metronome market? Do you have any suggestions on how to differentiate my product and business model?

https://www.google.com/webhp?sourceid=chrome-instant&rlz=1C1CHZL_enUS694US695&ion=1&espv=2&ie=UTF-8#q=Soundbrenner