While I did enjoy WtF 1st edition, I find that this one really grabs me. It gives it a sort of personal gravitas, makes you really want to read more about the world's premier hunters. Yet it doesn't beat you over the head with backstory. I like how their heritage is revealed in snippets here and there, each time making you want to learn more. The tribe write ups are equally interesting, with the multiple ideas on possible tribe origins and views about chosen prey being particularly interesting.
Mechanically there have been some cool improvement as well. Gifts seem more useful and even powerful than before. Plus you have more freedom in how you choose them(aka, not always having to take them in order). Healing ability is also more powerful, given that werewolves can now heal more bashing damage the higher their primal urge stat is, can spend essence to heal lethal rather than bashing for the turn, and heal all damage each turn in garou form! Combat is streamlined, but still dynamic, and the social maneuvering rules give you a system to add a little importance to social interactions without being overdone or overly complex. There are other things of course, but these were some highlights for me.
Over all, I really enjoyed this edition and I think fans of any editions of this franchise will enjoy it too!
[5 of 5 Stars!]