The WatchFrame has two separate SetPoint 's. Lol, and I had just come up with the positions for some things based on user feedback, haha. For what it's worth, the subject has come up at the WoW suggestion forum. I was dinking around with it using fluid frames earlier and its a pain to move. I was trying to add support for that in the movers section of my minimap addon, PocketPlot, but its placement is coded differently than the original one.
I love the new Quest Objectives Window features, but can't find a way to move it this time around.