Here are the specifications for the LG G Watch R, as announced by LG's press release.
Display - 1.3-inch P-OLED (320 x 320)
CPU - 1.2GHz Qualcomm® Snapdragon™ 400
RAM - 512MB
Memory - 4GB
Battery - 410mAh
Sensors - 9-Axis (Gyro/ Accelerometer/ Compass), Barometer, Heart Rate Monitor.
Water and Dust protection - IP67
OS - Android Wear™
It looks like an interesting design, utilizing a circular display similar to the Moto 360. LG have really put efforts into making this look like a standard dumb-watch, with a detailed classic looking watch face. Looking forward to hearing members thoughts on the specifications of the LG G Watch R