I'm definitely excited for the V2 of this. Good to hear this will be in the Project Blu V2. Are you going to add the Luke spitting noise again? I believe it was talked about a few pages back. Your first version was already excellent but if you're making a more accurate version, that would be awesome.
I'd also be interested in that alternative version you thought about. It could represent how a 5.1 definitive mix might sound. The extra elements of the mono mix really are great...