Yes, but the Gear has been a bit of a cluster based on reviews and Samsung is all about saving face. New releases to fix bugs or improve performance have been nice, but not enough to quell bad reviews. Gear 2, assuming it's much improved, would shut the critics up, so I could see one coming out sooner rather than later.
I also follow big box store pricing patterns and without exception, when the big retailers start to drop prices dramatically, this means they need to quickly dump inventory based on new product coming to market. Might not be a month or two, but my guess is soon.