Smart/Connected-watch reservations aside, the big news is that Android Ware now works with iPhones, whereas in the past it was only Android based devices.
iOS was the key group that I am sure LVMH was pressuring Google to get covered & gain compatibility. Now this opens the floodgates, for TH and other luxury brands who are interested in building their own smart watch using a proven solution like Google's Android-Ware foundation.