I've been playing the V2 Elevate 305 for 1.5 year now. Started as a complete beginner, the Nova helped me a lot learn new stuff that I could try with the 98 Elevate. Anyway, I'm still enjoying the V2 Elevate. I'm settled that, for me, it plays its best with 1.25+ gauge strings of any kind. It can deliver both flat hitting and exaggerating top-spin forehands.
In comparison with the V3 Elevate, that I've played about 50 hours with 4 different strings (side-by-side with the V2 with Topspin Cyber Flash 1.25), the V2 is:
- less stable (lower swingweight because of the smaller headguard?)
- less forgiving on off-center hits
- more twisty on off-center hits
- less comfortable/soft/mute
+ more direct
+ need some weight in the handle and/or at the 9 and 3 depending on the string used
+ better paint-finish quality
While, I really thought the V3 Elevate was by miles better than rackets like the Babolat Pure Strike VS, TF40 315 16*19, Boom Pro and others, there were 2 drawbacks I couldn't pass on:
1) the very SOFT feel that with 2 out of 4 strings I felt a bit disconnected with what's exactly is happening on the stringbed
2) the paint-finish on the V3 is not my taste. It's not glossy, it's not matte, it's something between Clash and Pro Kennex Black Ace (non-black part on the throat) that feels a bit sticky and harsh at the same time and give me the impression it won't last nearly as long as the V2.
* I play at 20-22kg, using Dunlop ATP Championship/Dunlop Fort Court/Head Tour XT balls.