quite likely.
I have been keeping an eye out for wearables for a while now, things like the Pebbles, Torq, Gear Fit, Razer Nabu, etc. But so far there is nothing that looks remotely like a watch. So I've been simply wearing my own watch till now and holding off on smart watches. But the Moto 360 is a smart watch that actually looks like a watch, which is why I like it so much. It is also built using the Android Wear platform, which should mean tons of app compatibility in the future.
Motorola's recent products has been really interesting, namely the Moto X and G. So if they continue the streak, the Moto 360 should be fairly interesting to look out for.