I got my RS2 yesterday and spent last night setting it up and playing. At first I was rather dissapointed with the image as it seemed VERY dim and seemed to lack depth. After playing with the controls a bit I was able to make it look pretty good for a couple of movies.
I still have a lot of tweaking and learning to do but I think it's a keeper.
Bad news:
When it arrived, it was in a plain box. I opened it to reveal the actual JVC inner box. The problem is that the inner one was really damaged! One side was hit so hard that the box was totally split from top to bottom. The top had a crease in it so deep that it actually crushed the inner 'documentatnion box'!

Luckily the unit was far enough away from the sides that I couldn't discern any damage. IMHO, who ever double boxed it should have sent it back and nailed the shipper instead of just passing it along. Since the JVC box wasn't opened they had no way of knowing if it was crushed or not.
This thing is surprisingly dim. I was expecting a new screen purchase but wow, it is a downright necessity!

Good news:
Just for the heck of it, I got down my G15 and hooked it up in parallel, giving each half the screen to play on. It turns out that the RS2 is as bright with a new bulb in high lamp mode as the G15 with 750/1000 hours. So what's the good news? I can now move from a GrayHawk to a Studiotek130 and reclaim the brightness while still improving black level.
The only downside is that, while the colors of the RS2 looked a bit off, they looked really bad compared to the calibrated G15.
Bottom line, it is, overall, an incredible improvement in picture quality which can only get better with the addition of the Radience.
Other observations:
When putting the unit up near the top of the screen and using V lens shift, the top of the image has a red shift. If I move the red pixel down then the bottom has it. My guess is that the lens shift is the culprit so I'll try to limit that as much as possible.
The lens shift knobs seem rather cheap, something you'd see on a 5 year olds' toy. The good news is that they work and they're only used once.
The best news is that it was reasonable enough that I can upgrade in a year or two, (lasers?

), without feeling guilty.
Well, that's my $0.02. A little dimmer than I expected but better overall image than I expected. While the color is off it is still watchable to the point that I am in no hurry to get out Colorfacts, at least until my Radience gets here.
Now if someone could discover the super secret code that allows access to the real guts of the machine the serious tweaking can begin.
