While that Volvo system is still Level 2 - it actually seems to be real Level 2 in that it is hands off (just not eyes off Level 3 as Audi promises for later this year).
VERY impressive that first video. I believe that capability is better than AP1 and AP2 currently in pretty much every way, no?
AP2 is more like Level 1, it is not Level 2 (hands off) in any meaningful way at this time.
I don't know what you find so impressive about that first video. Well marked lanes, gentle curves, good weather, and not in the exit lane. That's about as easy as the Autosteer problem gets.
AP1 has been able to handle that well since I got the car eight months ago under 7.1 - I suspect since the original release of Autosteer.
And that's without the mysterious jumps every 30s or so that based on the above comments probably hide him touching the wheel a bunch more.