As I write this update very late Thursday, very early Friday, I have completed the tests required to confirm the release of version 2 late Saturday night -- about 40 or so hours from now. You should have received an email with some of the details. Email support for a copy if you missed it.
Your instance will be entirely offline for several hours late Saturday (GMT-5) and all feed processing will be entirely disabled during that time and for about 6+ hours prior.
You will receive and email and will see an update here when the update is complete.