I've just finished watching it - First impressions:
Firstly note that I don't do the LM1 routine as taught, but rather have developed my own routine using LM1 as inspiration. However, let us assume that you are performing everything as taught.
The strengths of the main part of the LM1 routine was the lack of prep. You could be handed a fork and just go with it with pretty much any fork (after a bit of practice). It was a very nice routine which left the volunteer with a very nice souvenir.
So what is LM2? Is it an entirely different routine? Is it an adaptation of the original? Is it just a dvd with different bends on?
No. I have always rated Morgan Strebler as one of the best metal benders in the worlds, taking metal bending as an idea and making it commercial. That is why I have always recommended LM1 to beginners over Banachek's dvd. MS makes it workable in a working environment.
LM2 is in a nutshell, part 2 to LM1. If you were to take the LM1 routine and perform it, being left with a bent fork with "splurred" tines, you then begin the LM2 routine at that point, and start destroying the fork. The tines twist and break off, the head and shaft of the fork separate etc. And it does, to be honest, look good.
The downside I can see though is that you no longer have a souvenir for your spectator to take away with them, having destroyed the fork.
LM2 also includes some extra ideas for the original routine - using shadows to show the fork bending, etc. You also see MS put a corkscrew in the tine using his bare hands!!! F**king Hell!!!!
And the line of the dvd?
"You can do the shadow bends in the daylight...in the nighttime...anywhere you can get a shadow"
It just made me chuckle

All in all I would still say get LM1 to begin with, before you get LM2. The original routine was only retaught on this dvd because there isn't enough new material (maybe 20 minutes worth?) to warrant an entirely new dvd on its own, but it was taught in much, much, much more detail on LM1.
For those who have LM1 and who work metal bending in the real world, I would say it is probably worth picking up LM2 at less than £20 just for a couple of nice ideas, and just to watch MS tine corkscrew with his bare hands, but don't expect anything groundbreaking.
I want to work a few of the ideas to gage the reactions in comparison to my usual routine, before I give my final thoughts on the product