We’ve updated the New Living Translation to the second edition. Tyndale’s NLT website has a good rundown on the improvements in the second edition; most of the changes involve fine-tuning passages and reworking them to better reflect the language of the original text.
While you’re at the NLT site, you might find their essays about Bible versions and translations worth perusing–especially if you’ve ever looked at the Bible Gateway’s list of Bible versions and wondered “Why are there so many different versions of the Bible?”