as many ozbargainers have noted, the listing is incorrect. This item is possibly the older model. The seller has been contacted to rectify. If you have purchased this item (like me), you are covered by the eBay guarantee. http://pages.ebay.com.au/ebaybuyerprotection/index.html
For the ozbargainers suffering insomnia.
A reputable US eBay seller (same as https://www.ozbargain.com.au/node/247510) is selling Moto360 (2015) watches for USD124 including delivery. Note this is the larger (46mm) Moto360, with better battery life, but worse fit for svelte wrists. A number of colour combinations still available at time of posting for the same price. Since combinations for stainless steel band is normally USD50 extra, potentially a great deal.
A very good price compared to previous ozbargain deals:
$348 (leather only)
https://www.ozbargain.com.au/node/239083
Previous generation:
1st Gen $199 (Leather) $238 (Metal)
https://www.ozbargain.com.au/node/207912
You'll get:
Watch, Charging Dock, USB Cable
New other (see details)
Compatible: For Android Phones (Andoid 4.3 and up)
Product Features / Specs:
1.56-inch IPS LCD w/ Corning Gorilla Glass and a Resolution of 320 x 290, 205 ppi
Android Wear
Compatible with Android devices running Android 4.3 and up.
1.0 GHz ARM Cortex A7 (quad-core) Processor, Chipset : Qualcomm Snapdragon 400 APQ8026, GPU: 450 MHz Adreno 305
512 MB Memory, 4GB Internal Storage
Bluetooth: 4.0 LE (Smart) Wi-Fi: 802.11 b/g
Sensors: Accelerometer Ambient light Gyroscope Optical heart rate monitor (PPG)
Battery Life (approx.) Ambient off: Up to 24 hours (mixed usage)
Water and Dust Resistance: IP67
*credit to jamestownfx who found this first! I came across this deal via another site, and noticed it's actually the newer 2015 model.
What's the catch?