We found a really cool video of Motorola's Android-powered sports watch the MOTOACTV getting dissected and rooted. The little Android super-watch had a OMAP 3630 clocked at 600MHz and 256MB of RAM on board. Furthermore, he rooted the device and managed to get more functionality out of the underlying Gingerbread OS, and effectively turned the watch/GPS tracker into a mini-tablet by side-loading the Honeycomb launcher. He was even able to get the Android Market working on it!
Below is a source link where you can get instructions on how to do this yourself if you own the device.