Re: Competitors dead in the water?
From today you should be able to ‘apt-get upgrade’ on an existing Raspbian installation to add an ARMv7 kernel to your distribution. The SD card can then be used — assuming it’s a Micro SD Card — to boot either a first or second generation Pi. Card images, along with a new NOOBS image, will also be posted that support both boards. More at http://makezine.com/2015/02/02/eben-upton-raspberry-pi-2/.