Watch 7 crashing and rebooting

Hi All - I was excited for my watch 7 but it only resulted in more frustration!

My watch keeps crashing and rebooting somewhere in the process of connecting it to my phone (sometimes when accepting terms and conditions, sometimes when linking google account etc.) I tried factory reset, erase cache, Ship mode enable etc... everything results in the same crash and reboot process!

Did anyone else go through this? I don't like to go through the return and repurchase option but looks like I don't have a choice..!

If anyone have suggestions to try, they will be much appreciated!