I voted for 2 as well. What would you become by staying with option 1? Absolutely nothing, at least not any better than yesterday, UNLESS you're really motivated and take the free office time to pursue your own goals. Otherwise, once the company goes down, or otherwise can't employ you anymore, you'll be totally out of options. Especially if you get used to being paid much.
Going option 2, you stay somewhat fresh everyday and get to learn things you do want to learn (right?) That way if and when new opportunity comes you'll be ready for it. As long as the money's OK... take the 1/4 lower salary as investment in yourself.
But that's just the whole point, I think: yourself. I always try to work for myself either in work or in school. My current job pays a bit lower than average for my education level, but is as fullfilling as any job (writing racing game physics anyone?) Most importantly, I wasn't even educated/employed to code, but I do anyway and they let me. So basically I get paid 2/3 of my work's worth, but 100% of it invests in myself and for this, I'm very content.