I paid the $199 vip price for the upgrade, did the DL and, install. Played with it for an hour and was not blown away like I might have been a few years ago. Currently, I would not miss the update as much as I do the $199. I still use Omni but not because of the V2 upgrade.
It did seem kinda sluggish but I have not bothered with the new update yet. I think I have just lost interest in Spectrasonics during their extended disappearance. I enjoyed the continued participation of Eric, on the Northern Sounds Forum, and seeing the Videos they would make as he had a special way of inspiring me to use his products.
I might gain interest in the future but currently it is not a priority as other software packages have me busy. I also feel like the VIP deal was not that big of a Deal as someone that only owned Omni could purchase the upgrade from JRR for a few dollars more than someone who has the entire Spectrasonics line.
I really believe it is an individual choice whether V2 brings something special to the table or not. I'm kinda wishing I would have put the upgrade off a while longer but too late for that... I really doubt that you're missing that much Bit but You have a way of putting things through the ringer and finding the Golden Ring. Wishing you the best in your decision.