Day 1 and already thinking of returning this watch

I bought this watch mainly for the GPS functionality (plan to use it for running). Found a deal on Monday for $99 and jumped on it

Phones I use: Galaxy Note 4 Galaxy S4 Active (work)

I received the watch today.. Downloaded the Android wear app to connect.

1. Watch connected
2. Watch begins to download info. Few minutes then I get an error message "unfortunately android wear has stopped"
3. Watch restarts and goes directly to a screen "downloading update..." There is no status bar and I don't know if there is anything going on. Watch turns hot and stays like this.
4. Waiting and waiting...

I tried this on both phones (after resetting the watch and I'm getting the same issue)

I did a quick search online, and saw in forums a suggestion to try an older version of Android wear. The current version is 1.4. I tried 1.3, the watch update lasted longer than with 1.4 but ended up with the same issue. I'll probably try 1.2 and see if there is any luck.

This is not how a first smartwatch experience should be.. Very very disappointing.

I wonder if anyone here has experienced the same issue and if can share any tips on how to solve it

Thank you!