Version 2 seems like a downgrade.

- the preview function no longer works
- uploads are no longer listed
- still as unstable as ever, connection drops after 5 minutes, hangs on quit
- more obtrusive "buy now!!!!11!!" dialog and more limitations
- uglier icon

And to add insult to injury he's charging another $24 to version 1 owners, minimum.

It does look pretty though....