Wish I had more answers for you. Here are the steps I took.
1. Uninstalled the old 1.2 version from the active plugins.
2. Deleted it from the available plugins.
3. Ran my "Cache Cleaner Extreme" to clear the cache.
4. Uploaded the new Version 2.0.1
5. Installed it from the available plugins.
6. At first I didn't see the video quality drop down list in the admin panel, so I ran "Cache Cleaner Extreme" again; then everything was there. The only thing I did from there, short of playing around with it, was turn the "paste link" option off due to the top menu items issue.