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You can still use NewsPad in the same way as you did previously, but with the advantage that if you wish you can show different format on your website to what you sendout in eNewsletters.

If only want to sendout eNewseltters and not display them on your website then you can disable the web front end exatcly the same as in NewsPad version 1.

If you want to show eNewsletters in your website like in NewsPad 1 then you can disable the comments feature and create your eNewsletter as a Blog Post which once created can then be sent as an eNewsletter. This way you would be using NewsPad 2 in the same way as NewsPad 1.

The changes to NewsPad to be a Blogging Platform is in the announcement:-

http://blogs.webwiz.net/web-wiz-newspad-2-beta_post62.html

The website will be updated to let people know this when the full version is released, at the moment NewsPad 2 is still in only available in beta for testing purposes and as a first beta will no doubt have a number of bugs that will need ironing out before it's release.