Would be useful to have an option to mark all watchlist entries read (I think there was a "mark all read" for notifications but not for the watchlist) and an option to hide/clear all read entries. (Preferably this wouldn't be hidden in the filters/preferences, as it will be used much more often than those.)
Also if it's too early to be asking for feature requests like this, just let me know and I'll hold off entering them.