It’s an upgrade from the Ultra 1 too, they released a new processor and have included new features, such as double tap.Yep, the Ultra 2 isn’t a bad watch - if I didn’t have an Ultra 1, I would consider it. In fact, it is an upgrade from anything other than an Ultra 1.
I have said it before, that maybe as we are on here and ‘enthusiasts’ we don’t see the bigger picture that you dont need to upgrade every year, or even every 2 years.
Here’s an article that talks about the new features.

Apple Watch Ultra vs. Ultra 2 Buyer's Guide: 12 Differences Compared
The Apple Watch Ultra 2 replaces the first-generation model that was introduced last year in Apple's smartwatch lineup, but how different are the...
