iTrip 2.0 has a page on Griffin’s site!

The new iTrip sports a large, easy to read backlit LCD screen to make setting its digital tuner easy and intuitive. A handy knob on the side of the iTrip makes it a breeze to select broadcast frequency: simply turn to the frequency and click the knob to set it. The iTrip remembers its settings for convenience. This compact, self-contained design makes changing stations a snap, perfect for use on the go.

One of iTrip’s innovative new features is selectable LX or DX modes of broadcasting (an FM transmitter first). This allows the user to adjust for the absolute best possible audio under real-world conditions. Even in the toughest situations, such as large cities with lots of radio stations crowding the dial, iTrip’s DX Mode delivers a noise level that’s below that of a cassette tape adapter, allowing the music to punch through cleanly. The results are stunning.

Another new feature (and another FM transmitter first) is the ability to set the iTrip to either US or International tuning modes. International mode allows access to all available frequencies throughout the world. US mode limits tuning to those frequencies relevant to US stations. The result: no unnecessary scrolling through channels.

The new iTrip features volume enhancements, as well, with an auto volume control that works with the iPod’s volume level to automatically avoid distortion. If the iPod volume is set too high, iTrip recognizes and corrects it by lowering the volume to its optimum level, assuring clean, clear, dynamic sound.

UPDATE: The DX Mode outputs mono, not stereo sound. That’s great for audiobooks, but not for stereo music. Anyway, I bought one today and it’s pretty nice.