That would be my guess too.... I hope it means they're working right now on some...

snogglethorpe on Sept 12, 2014 | parent | context | favorite | on: Motorola Moto 360 Teardown

That would be my guess too.... I hope it means they're working right now on something better for v2 which will improve the battery performance (which seems the biggest issue with most of the current generation of smartwatches)....