Yes. It is.
However, the Gear 2 runs Tizen and Android apps(and the Google Play store) are not compatible with Tizen.
The only place to get Gear 2 apps is the Samsung App store accessed through the Gear Manager app.
Evernote was listed back in April '14 as being available at the Gear 2/Neo launch. NO ONE has been able to find it, nor get an answer from Evernote as to what is going on with the development.
Yes, I know. And I must say I'm more than a bit miffed. I had the Gear 1 and just went through the whole update to Tizen because I was under the impression that Evernote had produced and released the Tizen app for Evernote. I specifically remember reading articles that touted the benefits of the new app and how you had to be on the Tizen OS for Gear if you were to use it, etc.
So today I finished all the updating and go to the app store for Gear and no Evernote app.
I got a reply from Evernote regarding their Gear 2 app.... warning:not hopeful http://forums.androidcentral.com/samsung-gear-2-gear-2-neo/406797-evernote-released-android-wear.html