Hmmm, been asking myself this same question, Can get the V1 for $200 and the V2 for $255 . Seems like its not really worth the extra dosh for the V2. I mean, who is even gonna notice the half lume at 3 on the V1!? As weve said before 99% wouldnt know how it is supposed to be on the gen anyway. hmmm. Maybe it will be a V1 for me?! Im sure you can get the V1 with the metal strap anyhow (sure I saw it mentioned on Silix). Decisions decisions.