When it is completed Milestone2? How much can you have to wait? I think that this year we will not see a working version Milestone2.
Project Ethereum and Factom were launched almost at the same time and look at how much better now looks like Ethereum, and developers The Factom alone make that correct their mistakes and do not see any finishing work on Milestone2. I stayed only a month before the end of the first quarter of 2016, when the developers Factom have promised to complete Milestone2 and I believe that they will not have time to finish it on time. Therefore, we do not see new information. Let the Factom developers may learn Ethereum developers how to work and to promote his project. Simply if we compare these two projects is how profesiionaly Ethereum and students Factom. Factom developers while only disappoint. 
The first quarter of 2016 ends on March 29. We have February 10. ;-)
Too soon to make bets if there will be a delay. And even if there should be a delay, Factom-Investors have not that much reason to complain. In just 2 months:
1. Azure
2. yuanbaohui
3. Chinese Hackathon third place to a Factom-idea (medical records) and the first place wants to use Factom (CargoChain).
4. iSoftStone
And most important: Every(!)day(!) updates in the github.
And just by the way: I don't see that big reason in Ethereum for the price-rise. My opinion is that it's mainly the Bitcoin-Blocksize-Debate that brings uncertainty in Bitcoin and motivates ppl to buy one of the most promising other projects. And Ethereum could be that but it's too soon to be sure about it. They will have to switch to their PoS-System and if you read this:
http://bytemaster.github.io/2015/08/08/Review-of-Casper-Ethereums-proposed-Proof-of-Stake-Algorithm/ .....if that analysis should be correct, it could end bad. But either way: Ethereum is two years old. It's not about the time when it hit the exchanges.
I don't see much reason not to be excited about the progress or even to be uncertain. If we compare Factom and Ethereum we see to great and very ambitious projects, but Ethereum seems to me more like a bet and Factom more solid. And: Bitcoin won't stay where it is and when it rises, Ethereum will most likely drop in price. Factom will benefit of Bitcoin and could even benefit of the blocksize problems.
