I have the first gen and have tried out the new one. The first difference is that the beam is smooth on the new one not ringy like the first gen. New one appears to have an xpg2, don't know for sure. Throw is about 30% less on new, but the spill is about 30-40% better. Beam colors are both cool white, not as bad as cheapo LEDs, but not close to nuetral.
The new one is definitely miles better than the old one. It's a good light, but I think SL stingers and Strion's are better in every regard.
The new 8060 is a very good duty/work light if you don't mind the size of weight. Very good throw up to 100 yards, and spill for 50 yards. Very clean beam.