Hmmm... it would seem a shame. Waiting for MTW2 after all means downing tools for x months until the game's actually released and even then it's highly unlikely that we'll have the same modding scope then as we have now with Rome. Remember it was only when Vercingetorix made the xpak programme that we could even get at unit textures, it was only when he made the cas exporter that we could change models. MTW2, especially with its variable model/texture referencing, could well be even more complicated.

Given that the smart money's riding on a end of October 2006 release, in my opinion we won't be back to position where we have enough modding knowledge for full modding for at least six months.

I would say waiting for MTW2 means not making any significant progress for around 15 months. Given the likely changes, both in the features and the team after that you may as well start a new mod.