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With Motorola’s product launch underway, we’ve finally got official launch information for the device.

The Moto 360 will be available in three models: light stainless steel with a gray or stone leather band or dark stainless steel with a black leather band. Price is US $249, available at Google Play, Motorola.com or Best Buy.

If you’re disappointed that the metal band hasn’t made the cut, don’t despair – Android Central reports that a metal band will be included with a new model priced at $299 later in the year. You’ll also be able to buy it separately.

The question of Australian availability has been answered – although perhaps somewhat disappointingly – by Motorola’s Australian PR: later this year, with pricing and timing to be announced. The race is on now to see whether LG can beat Motorola to market here with the G Watch R.

Motorola’s Moto 360 site also has a full spec list:

Available models
1. Light stainless steel case + gray Horween leather band
2. Dark stainless steel case + black Horween leather band
3. Light stainless steel case + stone Horween leather band

Compatibility
Smartphones running Android 4.3 or higher

Operating system
Android Wear™

Display
1.56″ 320 x 290, 205ppi
Backlit LCD
Corning Gorilla Glass 3

Watch case dimensions
46mm diameter by 11.5mm high

Weight
Leather band model: 49g

Battery
320mAh
All day (mixed use)
Wireless charging with charging dock included

Processor
TI OMAP™ 3

Memory
4GB internal storage + 512MB RAM

Connectivity
Bluetooth 4.0 Low Energy

Sensors
Pedometer
Optical heart rate monitor (PPG)

Water resistance
IP67

Other
Single physical button
Vibration motor
Dual microphones

Are you excited for the Moto 360? Will you import one at US $249? Tell us in the comments!