Yes, we said later this year. (Which means we fibbed just a bit when we said "no more teasers.") The LG G Watch R won't be available until October at the earliest — fourth-quarter 2014 is all we've got at this point, and it wouldn't surprise us in the least to see it launch alongside the L version of Android — and we don't yet know the price.

No more teasers. This is the LG G Watch R — the South Korean manufacturer's second Android Wear smartwatch. It's also the second round entry we've seen this year, the Moto 360 being the other. And it looks like folks are going to have some hard choices to make later this year.

First things first, we're fans of the round Android Wear watch. The Moto 360 immediately caught our eye as well, and these things just look more like watches than displays on our wrists. And if you're looking for the black bar that blemishes the bottom of the Moto 360, well, it's not there. As LG teased from the get-go, the G Watch R uses every part of the display, tucking the connectors and the like behind the bezel of the watch. The body is stainless steel.

There's no black bar to distract from the look of this round smartwatch.

Then there's the display itself. LG's using a 1.3-inch P-OLED panel at 320 by 320 resolution. (The Plastic OLED is the same tech used the LG G Flex, for what that's worth.) LG says you'll get "stunning image clarity even under bright sunlight" — that's been a pretty major issue with Android Wear watches thus far, so we'll see.

For the strap, LG's using a standard 22mm leather band (calfskin, if you must know), and you can swap it out for something else if you prefer.

The rest of the internals are pretty much what we've come to expect from this first generation of Android Wear devices. The LG G Watch R is powered by a Qualcomm Snapdragon 400 processor running at 1.2 GHz. It's got 4 gigabytes of internal storage, with 512MB of RAM. The battery is (just barely) the largest we've seen thus far at 410mAh. Sensor-wise, we're looking at a gyroscope, accelerometer and compass, plus a barometer (an altimeter widget showed up on a watch face in one of LG's teasers) and a heart-rate sensor.

There's a lot to like there — at least on paper and in the limited number of pictures LG's put out thus far. (Poor Photoshop jobs notwithstanding.) We'll have to see how it stands up in sunlight, and how the overall look (including with the dimmed always-on feature) and feel pan out. And we'll have to see how it stands up against the Moto 360, which we've actually been able to try out and should see more of next week.

Stay tuned. We've got a little while to wait on this one, it seems. We'll get a better look at the LG G Watch R next week at the IFA show in Berlin. In the meantime, be sure to swing by our LG G Watch R forum!