Episode 2 is a nice continuation of Episode 1 but doesn't spend time following the events of episode 1, it takes a step backward and provides a bit more back story. It reveals little, but allows the viewer to see a bit more of the universe it so eloquently builds. I like the style of this series quite a bit and can't wait to see it unfold a little bit at a time.
I recommend you watch episode one:
http://cheerfulghost.com/jdodson/posts/1031
