The specs for the MOTO 360 say it is using an OMAP 3 processor - the same generation of processor used in the N9. TI hasn't released a new OMAP processor for smartphone/tablet use in 2 years as has been pointed out earlier. They're probably still sitting on a whole bunch of unsold parts that they want to dump.

You're not going to see any new smartphone using OMAP going forward. The only serious competitor to Qualcomm is Mediatek at the lower end, now that they have a working LTE modem, I don't think Samsung's SoCs have an integrated LTE modem. Intel has an applications processor, but no integrated LTE (yet). They do have a stand alone LTE modem though.