A developer has ported Android Wear to the Ticwatch 2. It's in an early alpha version and thus missing some functionality (most notably microphone and vibration support) but it may be the start of a powerful community-driven project in the future.
Huawei's Android Oreo update for the Watch 2 comes with some compromises. Google is disabling Android Pay for Wear Support for the handset in regions outside of the US and UK despite the feature working on older versions.
A pair of new Android Wear watches were announced during CES2018. Both sporting OLED technology combined with the usual Qualcomm Snapdragon Wear 2100. While not revolutionary, they are appreciated by Google and Android enthusiasts around the world.