This smartwatch-fitness tracker hybrid will be available for a cool $200. The Gear 2, which is significantly bigger, will also be available for $300.

Both models will replace Android to run on Samsung's own open-source operating system Tizen. Funcationality is going to be basically the same, so the move can be seen as a push back against Google.

Unfortunately, that means both will only work with Samsung devices running Android 4.3 and above, which could be a deal-breaker for anyone who doesn't want to dabble with a Samsung phone.