I kind of like it.
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First off, very nice. If they come out with a grey framed Shield I will be all over it.
Second, if S&W just came out with an FDE Shield you can rest assured they will not be putting out the yet-to-be-confirmed Shield M2.0 until they reach a certain sales quote or sales of the Shield M1.0 begin to diminish. I haven't even seen a PC Shield with no manual safety yet, so I think it is going to be awhile.
Just my observation but I think the 1.0 shield still has a lot of life left in it before its replaced with the 2.0.
But to contradict my statement I think the 2.0 shield is already here in the form of the 45.