Version 2.0 received critical acclaim. In a review for
Time magazine,
Christopher John Farley found its music exceptional because of songs that are gloomy and sexual yet lively and introspective, while
J. D. Considine of
The Baltimore Sun said the album is a more melodic version of the approach exhibited on
Garbage, and commended the songwriting and Manson's multifaceted singing.
Chicago Tribune critic
Greg Kot believed its mix of
pop and
electronica has an "ersatz charm", while the noisy production retains Garbage's tuneful hooks. Barry Walters of
Spin felt the songs are better developed than on the band's debut, while showcasing their passionate,
avant-garde sounds and Manson's personalized yet relatable lyrics.
Billboard writer Paul Verna said the group has expanded the possibilities on an impressive upgrade to their debut. John Pecorelli of
CMJ New Music Monthly felt that the album noticeably deviates from the style of
Garbage as it is more melodious, more saturated, and features enhanced percussion, while its lyrical themes make it arguably more subversive.
Newsweeks David Gates was critical of the samples and what he believed to be "space-age wheeps" and "calculated showbiz shtik" in the music. Danny Eccleston of
The Times facetiously remarked "it's bin done" in reference to the similar approach used on
Garbage. Stephen Dalton of
NME called the album a lifeless, "beautiful engineered piece of modern design" and believed Manson's lyrics to be its weakness, criticizing a directness and shortage of wit. Melissa Bobbitt of
The About Group was more enthusiastic in a retrospective on important 1990s rock records by female artists. She argued that Manson's intimidating and alluring style, the singular
electronic rock sound, and the feminist stance on
Version 2.0 were innovative at the time, but these elements also embodied "the futuristic path music and technology were racing toward" and can be heard throughout modern popular music. Reviewer Neil Z. Yeung also praised the album in his re-evaluation for
AllMusic, calling
Version 2.0 "Balanced and taut" and "a greatest-hits collection packaged as a regular album, [that is] not only a peak in Garbage's catalog, but one of the definitive releases of the late '90s." It was included in year-end best-album lists by
The Guardian,
Q,
Kerrang!,
Melody Maker,
NME,
Select,
Spin,
Gear,
Mojo and
Music Week. It was the seventh and 18th highest rated album by
Spin and
Rolling Stone, respectively.
Version 2.0 was Canada's largest modern rock station,
The Edge 102's number-one album, On July 14, the video for "Push It" was nominated for eight
MTV Video Music Awards (for Best Group Video, Best Alternative Video, Best Breakthrough Video, Best Art Direction, Best Editing, Best Cinematography, Best Direction and Best Special Effects), coming second to
Madonna's "
Ray of Light" video which received nine. On October 1, Garbage were nominated for three
MTV Europe Music Awards: Best Group, Best Rock Act, and Best Video for "Push It". On January 5, 1999,
Version 2.0 was nominated for
Grammy Awards for
Album of the Year and
Best Rock Album. "Push It" was nominated for Best Alternative Record at
Winter Music Conference. "Special" received Grammy nominations for
Best Rock Song and for
Best Rock Performance by a Duo or Group. ==Commercial performance==