S2 is pretty great. But the NOTE (N7000) gives you a much better screen (720p HD), a much better screen (larger), a slightly better processor (overclocked), a slightly better camera (quality not pixels), and much better battery life (large battery). Oh and the S Pen.

Note 2 is "slightly better" than the N7000 in every way (software is cleaner, processor has more cores, display is better ratio and size and not PenTile, S Pen bigger, battery is larger, camera is slightly clearer, but most of all NOTIFICATION LIGHT).

I hope the next Note comes VERY SOON with a Dual A15-Dual A7 processor (powerful yet nimble), and hopefully has the latest Linux 3.7 Kernel (development sakes).