The Moto 360 has always been a favorite of mine. It was simple, elegant and very nice. And now, there’s a new one. It’s called the Moto 360. And while things may seem the same on the outside, there’s actually a whole lot of new, including a fairly classy redesign of the lugs; on the outside, a sharper display; and probably the most important update: new hardware. Let’s take a closer look at Motorola’s latest smartwatch.

Starting off with the packaging and sticking to the original’s round box, the new 360 has moved over to a plastic round box rather than the cardboard. Also, the Moto 360 is proudly shown off in the front window. A tour around the box will really show nothing all too special except on the back where it says “works on iOS 8.2 and later. Yes, this Android Wear watch is one of the few that also work on iPhone. But enough about the box, let’s strip this plastic wrapping around which surprisingly takes a long amount of time and pop off the top cover.

And behold, the new Moto 360. The 46mm variant with the stainless steel casing and the beautiful brown leather strap. Something new this year is the ability to customize your Moto 360 via Moto Maker. But if you’re like me, you’d go as classic and simple as it gets; which happens to be the least expensive route as well. Further inside the box, you will find the charging dock and the wall wart with micro USB cable and that is about it.

Now back to the Moto 360. When compared to the original Moto 360, the new one hasn’t really grown in size. Still a 46mm diameter on the largest model but what has changed are these new lugs that stick out from the top and bottom. These are also home to the quick release pins on the straps which are interchangeable with just about any band, given it’s the right size.

Inside, things have changed quite a bit. First off, the move over to Snapdragon from the TI OMAP processors. The new 360 is running a quad-core Snapdragon 400 processor and an Adreno 305 GPU. It still has the same 4GB of internal storage and half a GB of RAM. The display has also seen a boost. Now with a 1.56-inch round display with a resolution of 360x330 on the 46mm model and 360x325 on the 42mm model. PPI-wise, the 42mm is sharper at 263ppi and the 46mm model is at 233ppi. But both fall below the Huawei Watch and Apple Watch with near and above 300ppi.

Lastly, a quick message over the software experience: overall, it’s running the same Android Wear you all know and love. They have added a few more watch faces and new customization on the options via the application. But we’ll cover that in more detail in the full review.