Motorola has been out of the smartwatch game since 2016, but in late 2019, a manufacturer called eBuyNow released a Wear OS watch licensing the old Moto 360 product name. The end result was a decent (if overpriced) watch, and now eBuyNow is planning three more to be released this year.
The original Moto 360 was the first mainstream smartwatch with a round screen (ignoring the 'flat tire' at the bottom), which meant that despite its terrible internal hardware, it was definitely unique among a sea of ugly square smartwatches. Motorola followed it up with a sequel in 2015, and then in 2016, the company said it was done making wearables.
The new Moto 360 is almost entirely disconnected from its predecessor (it's manufactured by eBuyNow, not Motorola) and lacks the technological and design innovation that made the original watch so special. Much like a direct-to-video Disney sequel, there's not much to complain about, but there's also nothing unique or interesting to speak of.
Of all the things we expected to come out of Lenovo's Motorola this year — mediocre modular phones, a flank of mid-rangers, and a foldable to behold — we did not think a new Wear OS smartwatch would be one. That said, we do have a 3rd-gen Moto360 (no space, as styled) to wait for, but it doesn't look to have been manufactured by Motorola.