Having said all that about the looks, we’d still take the Neo over the Gear 2. Losing the camera really isn’t a loss at all, and while the Neo is less premium, the Gear 2 isn’t that gorgeous to begin with.
£180 is still a load to spend on an accessory for a Galaxy phone, though, and next to the more open, more apptastic Pebble it looks like pretty poor value.
Perhaps the bigger problem, though, is Android Wear: Google Now-powered smartwatches are coming from LG, Motorola and more, and they certainly look and sound to be a step-up from the current smartwatch crowd. If you must geek out right now, the Neo is the Gear we’d get. But we’ll be waiting for Wear.