I think you are right there Beery. One of the emails I exchanged with Pete Bell when the V2 first came out, congratulating him on making an already smooth experience smoother - he responded that there is still the same mid-range max power available.
It must be that the rate of rise to max has been spread more.
That said tho.... there is still a heck of a sweet RUSH from anywhere above about 1500rpm if you give the full boot.

