Capcom vs. SNK 2 EO

Because Capcom vs. SNK 2 features a roster composed of characters from numerous games and hardware eras, the appearances of several of Capcom's characters have been considered substandard in comparison to the newly drawn SNK characters. Instead of choosing to redraw its characters, Capcom took the approach of reusing old character sprites from previous games and inserting them in among the other characters. The result created a significant disparity, particularly in the case of characters like Morrigan Aensland, whose sprite from the Darkstalkers games appears retro and lacking in detail when compared to Capcom's newly drawn characters, such as Maki, Eagle, Ryu, Ken, and M.

Bison. Just like the first game, the Dreamcast release of Capcom Vs. SNK 2 also links up to the Neo Geo Pocket Color and SNK vs. Capcom: Card Fighters' Clash using the Neo Geo Pocket Color link cable.

A year has passed since the original tournament known as Millennium Fight 2000. This time, the political conflicts of the Garcia Financial Clique and the Masters Foundation have a rematch once again by releasing a million dollar fighting tournament called Mark of the Millennium 2001/Millionaire Fighting 2001, all of the original fighters from both powers clash once again, but with more fighters both legends and newcomers. Endings change depending on the player's performance, taking final score and certain conditions into account:

In the bad ending, the celebration goes is uninterrupted, as the camera zooms out of the stadium to a shot of Akuma or Rugal's foot.

In Japan, Game Machine listed Capcom vs. SNK 2 on their September 15, 2001 issue as being the second most-successful arcade game of the month. It was a runner-up for GameSpot's annual "Best Fighting Game" award among console games, losing to Garou: Mark of the Wolves for Dreamcast and 16-bit Neo Geo AES.

The PlayStation 2 and Xbox versions of Capcom vs. SNK 2 received "favorable" reviews, while the GameCube version received "average" reviews, according to the review aggregation website Metacritic. The GameCube version received lower review scores due to the native control scheme of the GameCube controller, not designed for traditional fighting games. AllGame gave the PS2 version a score of three stars out of five, saying, "Those who haven't played a fighting game in a long time might also be impressed, but the weak visuals will be a major turnoff for the average gamer."