Actually, I am pretty certain that the pictured ski is in fact a V10 Sport, 2nd Generation. Its built is fiberglass (heavier, very flexy, and relatively inexpensive layout).
Well it all depends on what you determine to be 2nd generation. Yes it is a Club spec blue tip fibreglass version.
When I was making the 2nd generation at the factory in China it had handles front and back and it had paddle entry cutaways hence the seam was not straight. It is also the ski that I use at the moment, my previous Sport was the 1st generation which is the one in the picture.