Version 2.0 has quite a few new features, including new DVD case layouts, drag-and-drop functionality with iPhoto, duplex printing, matching support for iDVD versions 3, 4, and 5, and also transparency and tint settings. They've more than doubled the number of graphics and photos included with the software and have significantly enhanced the toolsets to incude rulers, grids, guides, and snap-to functionality.
The Print Shop v2.0 retails for $59.95 and will run natively on Apple's Intel Macs when they ship next year.
I'm glad to see this software title is still being developed. Just last week, my sister was asking for an easy-to-use desktop publishing program to create cards, certificates, and brochures. I was going to recommend Swift Publisher (though I have very little experience with it), but I think I'll give The Print Shop a go. It's looking very good.