Well... after spending more time with it tonight, I will say that the picture is, at least, as nice as the VP50, if not a hair better. There seems to be a feeling of richness to the image that was not as noticeable before.
As for the useability, I don't find the menu system that much better, in fact, the VP50 menu was easier to navigate, and way less intrusive. I thought the VP50 was having handshake issues, but the C2 takes the prize for being a pain in the ass, when it comes to locking on to a signal. It makes switching inputs (which I do a lot) a real mess.
I am hoping that the next firmware drop solves the handshake issues.