Not too sure there would be much point as one of the main features of Wear is the ability to interact by voice which the Motoactv can't do as it has no mic IIRC. I'm going to wait for some watches to hit my local CEX and swap my Motoactv for one TBH.
I doubt it because the MotoACTV runs Android 2.3 and Android Wear is based on 4.4. Older processors like the one in the MotoACTV don't play well with Android 4.x unless there's a major development project, which there isn't.
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