First of all I really have to laugh when you complain about spending "over $600" on a device. I bought my first computer in 1985 for about $5000 which according to inflation calculators is about $13, 000 today. Looking at it that way, Apple is almost giving away computers. One of the many many ways they have brought down the cost is by not printing the giant manuals that used to come with computers and software and which nobody read anyway (I did :-) Today's computers and software are so simple that there really is very little need for such documentation and almost anything you do need can be found online. True, apple didn't put out something specifically on this aspect of the feature but is that really so surprising given the zillions of features that are documented?. Also, most people who have had Apple watches before understood that it takes time for VO2max readings to show up so this is an issue that impacts mostly new users.
I don't think Apple is a perfect company but its products are so far superior to the competition that I find it a bit much to excoriate them for this one thing no matter how much you are annoyed by it. As I said, if you had read the forum, I pointed out this time delay many times and that is what such forms are forums are for (free by the way).
((By the way I should add that my 1985 computer had a 20 MB hard drive and as I recall something like 600 kB of RAM. So for 5% of the real cost of a 1985 computer you are getting a super computer on your wrist that nobody could dream about 35 years ago.)