I crashed the Osmo 360 II during the review; thankfully, its lens is replaceable.
Our Verdict
What is the DJI Osmo 360 II?

Specification
Aperture: f/1.9
360° video: 8K/60fps (up from 8K/50fps)
SuperNight low-light mode: 8K/60fps (up from 8K/30fps)
Dynamic range: 14.5 stops (up from 13.5)
Slow motion: 4K/240fps native, up to 64x via DJI Studio (up from 4x on the original)
Timelapse: 16K (up from 8K)
Vortex: 8K/120fps (up from 6K/120fps)
Single-lens standard mode: [ADD HERE: confirm, DJI’s own comparison slide states 4K/60fps, down from 5K/60fps on the original]
Photo: 120MP 360°, now with RAW capture and an HDR mode
Colour: 10-bit and D-Log M, now supported across every video format.
Storage: 128GB built-in, 105GB usable (unchanged from the original), expandable via microSD to 1TB
Lens: Replaceable, 2nd-generation ultra-hard optical coating, user-swappable via the Lens Replacement Kit
Battery: 2150mAh Li-ion 1S, 8.32Wh (up from 1950mAh on the original)
Battery life: 100 minutes at 8K/30fps (unchanged from the original, measured)
Charging: Fast-charge to 80% in 22 minutes
Battery Extension Rod: Optional accessory, adds up to 180 minutes
Weight: 183g (unchanged from the original)
Waterproof: 10m bare (unchanged); 50m with the optional Invisible Waterproof Case
Operating temperature: -20 to 45°C (unchanged from the original)
Connectivity: Wi-Fi 6, Bluetooth 5.1, USB-C, NFC quick connect (new)
Microphone compatibility: DJI Mic 3, Mic 2, Mic Mini 2S, Mic Mini 2, Mic Mini, via OsmoAudio direct connection
Build and Handling

Features

Performance

When it comes to shooting, the OSMO 360 II is a new style of camera; despite the obvious similarities to its predecessor, it does seem to be becoming a creative filming resource in its own right, in the same way as a drone, gimbal, and so many imaging devices. It feels like it’s on the verge of being something more than it is at present, and with the upgrades DJI has given us, we just have to figure out what to do with it.
Now between Vortex, the little-planet-style recomposing 360° footage already supports, and the extended slow motion and timelapse, this becomes a camera for experimenting with shot types well beyond a straightforward 360° capture. That is genuinely exciting, though it takes a while, mine at least, to retune your instincts for how actually to use all of it.
Final Thoughts

Should you buy the DJI Osmo 360 II?
You want the peace of mind of a replaceable lens
You want to experiment with Vortex, 16K timelapse and little-planet-style shots
Longer battery life is your main reason for upgrading
You mostly shoot single-lens, flat footage
You need Spotlight Follow or Dual Recording confirmed before buying