I think you have the picture. FL, Proj V, etc are the core of the system. The quality comes in adding what you want. The built in effects and synths are pretty much just for starters, not really very different than the ones that come with Cubase, Sonar, Orion, Logic etc.
The freeware Voxengo and Kjaerhus vst plug ins that can be downloaded are probably as good if not better than anything I have on my Motif ES.
I am a bit curious as to what has been improved in Vers 2 of Project V. It would have to make my workflow easier and have features that would make it better for me to use than the combination of Sonar and FL.
I might just look up some of the posts now myself over at KVR Audio relating to it...
AJ
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AJ