Joe answered it all here better than I could, if you have any other questions just reply here and we'll figure it out!

Also, the used license on your V1 will be copied over to your V2 so you can tune your Camaro with both cables interchangeably. (Note, with 97-98 LS1A PCMs being free to tune, the V2 should never ask for a VIN license for it regardless. This is for ALL supported controllers however, so more for anyone's future reference.)