The LG G Watch R is an Android Wear watch with a 1.3 inch, 320 x 320 pixel plastic OLED display.
The watch features a Qualcomm Snapdragon 400 processor, 512MB of RAM, 4GB of storage, and a 410mAh battery. It features a 9-axis sensor, a heart rate monitor, and an IP67 dust and water resistant case which can be submerged in up to a meter of water for up to a half hour.
LG is the second company to launch an Android Wear watch with a round face — but this model has a thicker bezel around the screen than the Motorola Moto 360. Ont he other hand, it doesn’t have a black bar like the one at the bottom of the Moto 360 screen which keeps the watch face from being a full circle.
I haven’t seen US pricing for the G Watch R yet, but it sells for about £225 ($360) in the UK. That price includes tax though. It’ll likely be cheaper in the States.