I've replaced the battery on my Pebble Time Steel and looking forward to charge it again after I've emptied the battery completely for the first time. It's running since 2025-03-21 = around 10 days and it's still at 4%.
Regarding the drops: I wasn't able to wear it all the time (first I've attached the screen using tape and when glueing it back on, a pin of my wristband failed...)