I will be swatching both palettes, giving similar shades and telling you my opinions on both palettes.
The Naked 1 is well-loved in the beauty community. I don't know one person who loves makeup who doesn't know what it is. When I was gifted some Christmas money, I went out and bought it about two months ago. This was about four months after I got the Naked 2. Now that I have both, I can say that I've reached for the Naked 1 a lot more than the 2. I haven't hit pan on anything, because I don't viciously use it every day, and by no means have I even made a sizeable dent in anything. I've made a smallish dent in Virgin, and it's one of my favourite all-over-the-lid colours.
Now to the palette/colour descriptions! I'll be describing the colours to the best of my ability, since I'm actually really bad at describing them. Swatches are taken on my unnaturally pale skin in natural lighting.
|Virgin, Sin, Naked, Sidecar, Buck, Half Baked|
|Smog, Darkhorse, Toasted, Hustle, Creep, Gunmetal|
Overall, this palette is one of my all time favourites. I do wish it would have more than two mattes, but hey, that's what the Naked Basics is for. It's quite versatile for all skin tones and multiple kinds of looks. When it first came out, it retailed for $48 and came with a dual ended eyeliner. Now, it retails for $50, and comes with a mini Urban Decay Primer potion. The primer is not my favourite, and I hate the packaging. I would have much rather had the eyeliner.
I snagged this palette in July of 2012, and it has a lot more use/wear than my Naked 1 for that reason. This palette also has two matte shades, and enough shimmer to make even Ke$ha happy. The shadows are a lot cooler-toned, and that is why I don't reach for it as much now. I have used my favourite shadow in the palette to half-panning.
|Foxy, Half Baked, Booty Call, Chopper, Tease, Snakebite|
|Suspect, Pistol, Verve, YDK, Busted, Blackout|
This palette also retails for $50 and comes with a mini Lip Junkie lip gloss in the colour "Naked". It's very much a "my lips but better" shade. Palette is well worth it, but some of the heavy-shimmer shades are difficult to work with. I would recommend doing eyes before face makeup with this one.
I took a whole bunch of pictures but somehow the HDR option on my phone decided to freak out and turn natural lighting into "white as paper" and cast out all but two of my swatch photos.
|Half Baked in Naked 1, Half Baked in Naked 2|
|Smog, Chopper, Sidecar|
All in all, they're both very good palettes. The Naked 1 has warmer shades, and would be a lot more versatile with many skin tones, as well as different looks, including transition looks. The Naked 2 works a lot better with cooler undertones, in my opinion. While I have warm undertones, I can also lean on the neutral side and it will work with me, but a lot of the shades are iffy if not used correctly. The Naked 2 has a lot more shimmer, but both palettes have an equal amount of satin finish eyeshadows. They're both well worth your money and they're something someone can use every day if they wanted to.