Are these really the same product and it's just a new software update? Seems like there's conflicting info floating around on if they are really the same and Apple just changed the name (slightly) and released a software update, or if they are actually different. I did ask Apple Support and they said there were hardware differences but they could not actually detail any of them. It seems like even stores are using the same model/UPC #'s for them.
AirPods Pro 2 vs. AirPods Pro 2 (Gen 2):
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Charging port:
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AirPods Pro 2: lightning port.
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AirPods Pro 2 (Gen 2): USB-C port.
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IP Rating:
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AirPods Pro 2: IPX4 (sweat and splash resistant).
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AirPods Pro 2 (Gen 2): IP54 (same moisture protection, but also offers limited dust protection).
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Precision Finding:
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AirPods Pro 2: First-gen U1 chip, basic Find My functionality.
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AirPods Pro 2 (Gen 2): Second-gen U1 chip, supports Find My with Precision Finding for more accurate location tracking of the charging case.
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Lossless Audio with Apple Vision Pro:
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AirPods Pro 2: No support for lossless audio.
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AirPods Pro 2 (Gen 2): Supports 20-bit, 48kHz lossless audio when paired with Apple Vision Pro.