I have both palettes, but I actually bought this one first. I tend to look...sallow and gross...in colors that are too yellow-based or warm. Therefore, the original Naked was iffy for me (I have been able to create some really pretty looks with it, though). The Naked 2, however....
MY. HOLY. GRAIL. It has cooler based colors - silvery, taupe-y, greige-y colors that look best on me. I LOVE the color selection, and the highlight colors in this collection are superb. There are ENDLESS possibilities in terms of looks you can create - I've done everything from a "running errands/barely there" eye look to a VERY dramatic smokey eye.
Tease is probably the best crease-defining shade I own - I use it CONSTANTLY. In the original Naked, for example, the similar color to Tease would be Buck, but Buck is a much warmer color.
Verve is GREAT for highlighting too or the inner portion of the eye - it's a silvery oyster color.
Blackout is hands down the best matte black I've ever come across. I'm going to be buying the single of that color soon so I don't use the one in my Naked 2 up too quickly.
Pistol is a really pretty greyish taupe.
All around, one of the top 3 palettes I own!
Pros pigmented, Blendable, long-lasting, true to color