So, BassPro has the Ugly Stik GX2's in stock now. Hoping they would have similar blanks to the Ugly Stik Lite and Walmart Ugly Stik Lite Pro but with new Guides and Handles and Reel Seats I ordered the 7' MH Casting GX2 and had it delivered to the St. Louis Bass Pro.
When I arrived to pick it up (along with a 7' M Ugly Stik Inshore Select Casting Rod) I had to wait for them to bring the rods up front.
I went back to the fishing section during my wait and found a high rack full of GX2s. The first one I picked up was a 6'6" M Action Casting Rod. It is a decent enough rod for the money. I like the reel seat. The action is pretty weak though. Very similar to the original Ugly Stik, not so much to the Ugly Stik Lite blanks. The sensitivity was very poor from what little I could tell tapping the tip on various things.
Then I picked up the 7' MH. It had a bigger reel seat, a huge fore grip and the rear grip was a good 3+ inches longer than the 6'6" rod. It basically looked like a Heavy Muskie Rod, but had almost no backbone and still weighed a ton. Very dissappointed...
When I went up front to pick up my rods I immediately returned the GX2. I kept the Inshore Select though. It does have a lot of graphite in the blank unlike the GX2. It also had a nice reel seat, comfortable handle, was light, balanced, and has decent Fuji Guides on it. It pairs very nicely with that Zero-R Zillion clone I bought off of that auction site.
In conclusion, the "new" GX2 rod appears to just the old Ugly Stik blanks with some new parts. If you are looking for a durable, whippy, 6'6" or shorter rod for $40 go crazy. If you are hoping for anything more than that, don't get your hopes up.