How can it matter to anyone that the Moto 360 uses a TI OMAP 3630 chipset vs some new Samsung or Qualcomm chipset? It has a tiny battery so performance is really not the top priority here but power consumption. Even Samsung clocked the Galaxy Gear's Exynos CPU to 1/4th it's full speed (re-enabled with null 23 rom).
What is cool about the OMAP chipset is that TI supplies thorough documentation and the 3630 may include an IVA 2+ core, which can perform voice recognition independent of the CPU and faster than most comparable chipsets.