Neowin checked out the Android 5.1.1 Lollipop update delayed for Moto 360
A quote from the article:
While the 5.1.1 update has been rolling out to some Android Wear devices in recent weeks, Motorola says it won't be released for the Moto 360 any time soon as "performance is not quite there yet".Android 5.1.1 Lollipop update delayed for Moto 360 @ Neowin