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The tease of Portfolio 2 at Summit had a number of features that looked like it at least bring Portfolio closer to being enterprise-ready. When will it be released?
There is no confirmed/commited release date at this point as it strongly depends on customer feedback/validation. However, as of this week we've shipped Portfolio Live Plans in labs, which will eventually turn into Portfolio 2.0. Live Plans are not yet feature complete, they focus on the new and seamless integration with JIRA Software. We'll gradually build them out now and also validate the new integration model with various customer setups to have a solid foundation for building some of the new enterprise capabilities on top of it.
Live plans are available from version 1.12 or higher in labs mode, see also https://confluence.atlassian.com/display/JIRAPortfolio/Portfolio+for+JIRA+1.12+Release+Notes