Update: Here's the change log Motorola has shared:
What's new in the KGW42R Moto 360 update:
- Bluetooth connectivity: Improved Bluetooth connectivity between the watch and phone to reduce momentary disconnects experienced by some users.
- Charging notification: Added a message to confirm that Moto 360 is charging in cases when its battery is fully depleted.
- Bug fixes: Implemented bug fixes and other system optimizations.
A number of Moto 360 owners have received a system update that doesn't seem to do anything and leaves the version number the same.
Moto 360 Gets Minor System Update (KGW42R) That Fixes A Few Bugs [Updated] was written by the awesome team at Android Police.