There's no way I'm ever buying a smartwatch that doesn't easily get 1 full day worth of life without a recharge. I wouldn't put up with that on a smartphone, and a smartphone is MUCH easier to randomly recharge during the day than something strapped to your wrist is.
OTOH, there's no way I'm buying a clunky dorky smartwatch either and the Moto 360 is by far the best looking of the bunch, so I guess I'm waiting until next year's batch until Moto fixes the battery problem or some other company fixes their industrial design problems.
For another thing, Motorola sold another smartwatch in 2011 using what appears to be the exact same CPU. Which means one group inside the company would have to have built a watch in less than a year, while another group working on a watch in the same company took at least four times as long.
It's much more likely that they just had a big pile of CPUs left lying around a warehouse that they never used because the Motoactv was a commercial flop.
EDIT: apparently the G Watch and Gear Live have a Snapdragon 400 with 3 core deactivated. So I guess they could do the same with a 410.
I do find the whole battery issue somewhat concerning and watch wise I'd be expecting a weeks usage and until then and for many this is another device to add to the charging schedule if acquired.