I'll wait until something official from Bitmain actually appears instead of treating the linked article as any kind of source of truth, because that article smacks of just as much speculation as this thread .
S2 upgrade kit uses more chips than S5, but it is the same chip BM1834.
PSU wise, original 1000W PSU should be more than sufficient. (That is the plan) Even the slightly under-performing S2 PSU that could hash 9 PCB but not 10, would work as well.
lets wait for the R&D to say, let it open the flood gate for the sale
These are the S2 upgrade kit hashing PCB displayed in Burin, Germany and Amsterdam, Netherlands last week.