Round smartwatches make no sense and I don't know why anybody is making them. Scrolling content needs a constant-width display. If there was a square android watch I would get it.
Clock face, compass, activity tracking, heartrate measurements. For most of those, square vs. round is largely irrelevant from a functional perspective, but round feels more aesthetically pleasing (to me).
square vs. round is largely irrelevant from a functional perspective
You can fit less information on it, even with the same number of pixels. There is nothing you can do on a round LCD that you can't do on a square. If you find it aesthetically pleasing, great. I like round as well. But for people who like round, and use round to display a clock face, try a mechanical watch. They are awesome. ]