I just read a teardown review of the Gear Live and I'm afraid its not good news. The Gear Live is running a Snapdragon processor while our Gear 2 (Neo)'s incorporate an Exynos processor. While I'm sure that won't make it impossible to port, it will add a substantial degree of difficulty. Hopefully I'm completely wrong, but doubt it.
Is it possible the different processor also facilitates some of the low-powered listening capabilities like on some phones with Google Now? IF the Exynos is not optimized the same way, maybe it still won't have beneficial results to port the software?