Same. It neither describes the product nor makes it easier to search for online. For that matter, it doesn't exactly roll of the tongue either...
Searching for 'pebble core 2 duo' already comes up with a page of results only related to the watch[1] (including this very comment thread, ironically[2].) Search engines are very good these days.
Will it eventually end in a "we got sued by Intel!" marketing gambit? Certainly a possibility. Is assume they have played through both scenarios.