I only heard the rev1 for a short time in a store, so I don't have a lot of time with them. It was enough of a listen to turn me away from buying them. I had the HD800 and R10 along with me to compare. There was just too much of a bass bloat and the soundstage was quite restricted. It may have been the Musical Fidelity DAC/AMP, who knows. When I read about the changes, then I got interested again.
After listening a few hours yesterday, I can say I like these better than the original. They have the best bass I have ever heard on a headphone. It goes super deep and is pretty tight. Will these supplant my other phones, never, but they are a great complement, exactly what I wanted. I mostly listen to Classical, so the HD800 and R10 will be the usual go to phones, but the LCD-2 is no slouch with Classical. It is just warmer and has a smaller soundstage, but is still quite pleasant tonally.
And I haven't even changed tubes in the BA from the EML 300B and a Brimar 6SN7 I have been using. The LCD-2 may really shine with the PX4s which have a tighter/cleaner presentation than the 300B. I am also going to build a balanced cable to see if that changes anything.