The V2 bag is nice but it's smaller than the V1 bag and won't hold everything that I carry on a daily basis. I'll admit I've got my V1 stuffed full but it was disappointing that they didn't offer that size with the V2.
Excellent messenger bag, the best I have ever bought. Build quality is top notch. If you are thinking of a messenger bag to purchase, look no further, peak design has you covered. Keep doing the great job!