Motorola has confirmed that the original Moto 360 will not be receiving the Android Wear 2.0 update. This shouldn't be a huge surprise to anyone, as the watch was first released back in September 2014 and has some lower end hardware in it. While it is never fun to hear that your electronic of choice won't be getting the next update, sometimes it doesn't make sense to update things, as updates are costly and could affect performance.
Motorola revealed the information in response to an unrelated question on Twitter.
@timo_capa Unfortunately, Moto360 1 Gen will not receive the new update 2.0— Motorola Support (@Moto_Support) June 10, 2016
Though it won't receive the Android Wear 2.0 update, Motorola has confirmed that it will continue to receive security patches when needed. If you're still rocking the original Moto 360 and are interested in the new features that 2.0 will bring, you'll want to start looking into purchasing a new watch.