The above image is supposedly the new Moto 360S sharing wrist space with the original Moto 360 for a comparison shot. To be clear, there will supposedly be two new Moto 360 devices. One will be called the Moto 360L ("L" stands for Large), while the other will be the pictured Moto 360S ("S" stands for small). The "s is for small" definitely fits as it clearly is notably smaller than the first gen Moto 360.
The second image shown (in the thread below) is supposedly the Moto 360L. It's hard to tell, but it looks like it will be roughly equivalent in size to the first generation Moto 360. The only intel which came along with these photos suggests the Moto 360L will have a 375mAh battery, and the Moto 360S will include a 270mAh battery.
What do you folks think? Is the Moto 360 evolving in a good direction?
Source: Hands-On: Moto 360 Sequel Gets Compared To Its Predecessor