Old fan getting into new stuff... a little help?

Hi guys.
Long-time G1 fan here.
While I'm not a newb to Transformers, I'm a bit newbish at some of the latest stuff. Lately I've been working on my cartoons and comics collection, but am just a little disoriented and was hoping you guys could help me. I've tried looking around online and have not found great answers. Here are my questions:
1) I have the IDW collections Volumes 1-7 (need to pick up #8). I am a little confused about Phase 2. Is this an entirely new continuity, or a continuation of the one in volumes 1-8?
2) Am I missing anything from the IDW series in buying the collected volumes?
3) What is the deal with the IDW Omnibus? Is it somehow different than the other collections? Looks like it's just a huge paperback reprint. Which is fine. Just want to make sure I'm correct.
4) Switching to cartoons, I understand the Shout! versions are a lot better than the Rhino versions (which I own... darn). So I should pick those up. I was wondering what is special about the Matrix of Leadership edition compared to the other comprehensive Shout! release. It costs almost 3 times as much, but I can't see what if anything makes it worth it.
5) Also, while we're on the subject, does anybody know which version of the cartoon is on Netflix? Probably won't influence my decision on DVD buying, but it might help me decide on priorities. :3
Thanks, everyone. Till all are one!
Long-time G1 fan here.
While I'm not a newb to Transformers, I'm a bit newbish at some of the latest stuff. Lately I've been working on my cartoons and comics collection, but am just a little disoriented and was hoping you guys could help me. I've tried looking around online and have not found great answers. Here are my questions:
1) I have the IDW collections Volumes 1-7 (need to pick up #8). I am a little confused about Phase 2. Is this an entirely new continuity, or a continuation of the one in volumes 1-8?
2) Am I missing anything from the IDW series in buying the collected volumes?
3) What is the deal with the IDW Omnibus? Is it somehow different than the other collections? Looks like it's just a huge paperback reprint. Which is fine. Just want to make sure I'm correct.
4) Switching to cartoons, I understand the Shout! versions are a lot better than the Rhino versions (which I own... darn). So I should pick those up. I was wondering what is special about the Matrix of Leadership edition compared to the other comprehensive Shout! release. It costs almost 3 times as much, but I can't see what if anything makes it worth it.
5) Also, while we're on the subject, does anybody know which version of the cartoon is on Netflix? Probably won't influence my decision on DVD buying, but it might help me decide on priorities. :3
Thanks, everyone. Till all are one!