Angular 2 is now in release candidate and can be used for new projects, though Angular 1 will still be supported for the next 1.5-2 years. There are two main approaches to upgrading an existing Angular 1 app to Angular 2: big bang, where the entire app is rewritten at once in Angular 2, or incremental, where individual components are upgraded one by one. Components and directives are now unified under the component model in Angular 2. TypeScript is recommended for Angular 2 development but not required, as JavaScript can also be used.