The spine on the U2 is 0.095", the Calpyso Jr. is slightly thicker at 0.115". The Calypso Jr. is however much wider, mainly due to the SpyderHump for the opening hole.
While the knives appear to be of similar size, handling wise they are very differnt. The Calypso Jr.'s effective handle length is 10.5 cm, while its 8.5 cm on the U2.
This doesn't sound like a large difference, but its about 25% and makes the Calypso Jr. full handled, meaning it can extend across the hand and outside it in a hammer grip, thus vastly increasing comfort on heavy cutting.
On the other hand the U2 being smaller and more narrow, works better in pinch style grips.
The blade designs are fairly similar, while appearing to be different. Both have the point inline with the center of the blade, the U2 has more curve until the tip for skinning, etc., while the Calypso Jr. has the thumb ramp for better point control and ease of poking.
The cutout in the lockback release on the Calypso Jr. is also very nice for reducing accidental white knuckle releases, and makes disengaging the lock somewhat easier as well.
In terms of NIB sharpness, the U2 shaved well, but was not very aggressive. Fallkniven has been hit or miss with this on the last three knives I have seen. One H1 was highly polished but still has decent bite (half as much force to slice 3/8" hemp on a 2" draw as required for a straight push), however another H1 and this U2 has no aggression on a slice on the hemp.
The U2 doesn't have a clip either, so rides deep in the pocket. If you wear jeans its fits perfectly in the watch pocket. It also works well as a neck knife if you rig up some kind of laynard, and while a bit big can work as a keychain knife as well.
-Cliff