You're missing each other.
Dan, I think what he meant was that that it is not correct that the old version "only broadcast DSC" because it also allows you to chat. I think you just meant to mean that the old one doesn't have AIS, only DSC, and not meaning to exclude the chat function. Nobody disputes the new one is smaller.
I, for one, really like the ability to chat with the boat. For that reason, I treasure my Gen 1 and have no inclination to switch. However, if I didn't have one, I would get a Gen 2 rather than have nothing. My buddy carries a PLB in a Custom Divers canister, so between us we're pretty well covered.