Watch controller model value from inside directive

I am trying to have angular watch the $viewValue of a controller from inside a directive.

fiddle: http://jsfiddle.net/dkrotts/TfTr5/5/

function foo($scope, $timeout) {
    $scope.bar = "Lorem ipsum";

    $timeout(function() {
        $scope.bar = "Dolor sit amet";
    }, 2000);
}

myApp.directive('myDirective', function() {
    return {
        restrict: 'A',
        require: '?ngModel',
        link: function (scope, element, attrs, controller) {
            scope.$watch(controller.$viewValue, function() {
                console.log("Changed to " + controller.$viewValue);
            });
        }
    } 
});

As is, the $watch function is not catching the model change done after 2 seconds from inside the controller. What am I missing?