I’m hearing some positive things about the new “II” version, but I’ll of course put it through its paces in my own fashion, especially at the crucial apertures of f/2.8 and f/4.
The original Nikon 70-200/2.8 VR was a dud on the full-frame Nikon D3/D3x/D700, but the new “II” version promises better things, and that is good, because the day of 30 megapixel DSLRs can’t be far off now.
I expect the 70-200VR to be used primarily in the 135-200mm range, so that’s where I’ll be focusing my efforts. Whether the latest VR (vibration reduction) is more effective will also be of interest. The VR technology is an area I researched in The Sharpest Image, now part of DAP— recommended reading for VR and much more.