First of all: credit to the hard work of the developers.
Unfortunatly VM 2 did not live up to my expectations.
The option for downloadable products is removed. So for two shops I won't be able to use VM any more. The checkout process is too complicated, especially for people who are not custom to online shopping. The payment has to be selected through a seperate page. Again another useless click for customers.
The admin area looks more organised, but when you really get into it, it's even more complicated than the VM 1 version.
There are a lot of small improvements, but the bottom line is that the things that really count: check-out process and quick admin of the whole shop, did in my opinion not changed for the better.
I am sorry to say goodbye to VM, bt this was really a big dissapointment and indeed not worth waiting for.