Qualcomm Smartwatch coming Dec. 2

I seen this watch maybe a about a month ago on Qualcomm official site. This smatwatch is compatible with any device as long as it will be running Android 4.0.3 and or higher.  It will display text messages and other notifications as well. This smartwatch will launch on Dec. 2 for the price of $349.99.  So are there enough smartwatches on the market for you to choose which one is best for you? Haven't seen what Google, LG, or Apple will have to offer in the smartwatch market. Will they be able to compete against Samsung, Sony, and Pebble? What are takes on the smartwatches?