I suppose I am doing the opposite -I am spending my time studying the On and Kun readings of the Kanji without the meaning. I figured that if I could pronounce the word, it would be that much easier to look the meaning up in a quick electronic dictionary. Along the way I have discovered that there are shared readings for a good number of non-radical elements, which helps me out a great deal.
I was also planning on taking the N2 in December, however that just gives me enough time to learn the Kanji by themselves, and I question whether or not my vocabulary will be there that soon after that landmark. I am assuming that I would need another year of reading text for that to happen, but I could be grossly exaggerating the difficulty of the test -considering the N3 seems rather simple.
I should say that I am studying Kanji in addition to reading comics and listening to conversations. However, I expect the vocabulary used in novels to be far different from that of ordinary comics.
Check this website out, he really did a good job at shedding light on the new testing system, and more importantly he has links to some free practice tests so that you can judge your present condition:
JLPT N2 Practice Test