User blog comment:Seishoujo/Volume 2 Intro song/@comment-11188061-20140416152158/@comment-10728656-20140417143254

As far as I can tell, someone managed to hear some lyrics and posted but- Some might not be accurate and there are a whole bunch of unknowns.

http://www.reddit.com/r/RWBY/comments/22yybe/volume_2_intro_theme/