Saxon 2 covers the arithmetic topics of addition and subtraction of one and two digit numbers and simple multiplication and division as well as the related topics of patterns, graphing, time, measurement, money, geometry and estimating. Although it uses manipulatives it is not a "manipulatives-based" program.
Each day's lesson begins with oral exercises called "The Meeting" during which use of a calendar, counting, time, money, and patterns are practiced. The actual lessons follow and are completely scripted in the teachers edition. They are designed for four days of new material and one day of review. Math facts are practiced every day as well, using flash cards provided with the kit and fact sheet drills in the workbook.
The beauty of Saxon is repetition. Concepts are introduced and then reinforced over and over again. In Saxon 2 there are games, art projects and physical activites as part of the lessons which provide a break from strict pencil and paper work. My children had been doing a strictly manipulative based math program previously so I thought they wouldn't like Saxon, but they love it. I believe it is because of the variety of activities.
One drawback to Saxon is the price which is close to $100.00 for the homestudy kit. The kit includes a teacher's manual, workbook, meeting book and cardboard manipulatives and flash cards. It can be found in discount catalogs or used from fellow homeschoolers. It requires a set of manipulatives which can be purchased separately at teacher supply stores or as a kit from the source given by Saxon and various homeschool catalogs.