The Padrón 1926 Serie Maduro No. 2 had a nice flavor combination centered around toasted oak and earth with a supporting black pepper. Some coffee joined in which added another nice supporting component. I definitely prefer this maduro version to the natural and would be the one I gravitate towards if given the choice. The price point is high, but if it's something you enjoy, you'll find the funds for it.
I know a lot of smokers clamor over this line, but to me, after I get through the initial flavor and complexity of the first third, the profile falls off a bit and becomes mundane and heavy. With the high price point and the lack of ongoing interest it provides, I don't see myself coming back to the Padrón 1926 Serie Natural No. 2 on a regular basis.
If you want a really strong Padrón though with a lot of focus on red pepper flavors, this is your cigar. I personally think it is a disappointment to the 1926 line and I won't reach for it down the road.