This Android Wear port is actually just an extension of the main Counter Strike port to Android shown last week. While you’re still going to be crammed for space compared to a real PC version, that version is at least more usable. And yes, that one supports multiplayer.
Nice gimmick. Now move on and try to get something running here that is really useful. That’s what smartwatches need: a defining purpose, not some fireworks to get a headline.