Hey @J9leger thank you for the very detailed post.
I have had some talks about this with gitcoin team members here in Bogota and also gave it some thought.
As a long time grantee with rotki I would of course want there to be a GR16 on December as for us and other opensource projects which rely on gitcoin to function, quarterly repetition is key for our revenue.
On the other hand I am a gitcoin steward and a developer and I do know that being pulled in two directions as a team (both trying to do GR16 and launch v2) you end up doing nothing. So I do realize there is a need for you guys to focus on delivering v2 and that should be a top priority.
So though it would hurt the project I work on I believe it would be the best choice to give the gitcoin product team the time needed to focus so they can deliver a polished v2 version that we can all use properly.
TL;DR: I think Option 1 is good as long as v2 comes out nice, polished and ready to use by the community.