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After teasing the device over the weekend, LG has come clean about its newest gizmo. The awkwardly named LG G Watch R is modeled after a normal diving watch, and if the press pictures are accurate, you'll have a hard time telling it's a smartwatch at all.

The device has mostly the same specs as the two-month old LG G Watch: a 1.2GHz Qualcomm Snapdragon 400, 512MB of RAM, and 4GB of storage. It's also water resistant and runs Android Wear. What's new is the stainless steel body, leather strap, a slightly bigger 410mAh battery (up from 400mAh), heart rate monitor, and, most importantly, a round 1.3-inch P-OLED display.

The P-OLED display is definitely cause for concern. The last time we saw the technology was on the flexible LG G Flex, which had one of the worst displays we've seen on a modern smartphone. The P-OLED display struggled to display solid, uniform colors, often displaying "rainbow noise" over certain hues. The display was also inconsistently lit and grainy, and it had image-retention problems. Image quality isn't a huge deal on a watch, though, and with the G-Flex being about 10 months old, maybe LG has had time to squash some P-OLED bugs. LG's round display is also fully round, unlike the Moto 360's flat-tire display, which is missing the bottom section so that Motorola can cram sensors into the watch face and have a smaller bezel.

Smartwatches are all about getting tech into a fashionable package, and while LG's pictures look great, they're also pure Photoshop, as most press images are. We'll have to see this one in person to really judge it, but it has the potential to be the best-looking smartwatch yet. The device will be available in the fourth quarter of this year, and LG says it will be on display at the IFA trade show, which starts September 5th.