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The Time 2 already is a Steel version, and the Pebble 2 is intentionally plastic ("sporty").

You seem to be right -- other articles mention that the Time 2 has steel casing. I'm surprised they don't mention on the kickstarter page, it was a major selling point for me.

Edit: Also interesting, the new Time 2 has an MSRP $50 cheaper than the Time Steel.

The Pebble 2 is beautifully, unapologetically plastic

I'm currently sporting a Steel (the original) and went in for the new Time 2. Agree with comfydragon that the Time looks like the new version of the Steel line.

Wish they kept the leather strap, though, but maybe they will have different straps available down the road?

looks like it supports standard watch straps so knock yourself out (steel 1 owner)

I'm happy they dropped the leather strap. Supporting standard aftermarket straps seems like a good way to make most customers happy most of the time.

I'm waiting a few weeks to see if they announce an update to their Round.