Both Pinpoints are endoscopic devices. During at the RBC talk, at about the 12 minute mark, Arun described Pinpoint's capabilities both as an endoscope and a perfusion measuring system. He did mention that Pinpoint could replace other endoscopic systems in complex cases. This probably means Pinpoint is overkill for general use, but in cases where perfusion measurement is desired, an additional endoscope will not be required.
However, he made no reference to Pinpoint II until near the end of the talk and declined to reveal its features, saying these will discussed at SAGES when it will be officially unveiled.