Well yes, if you go with option 2 of the OP, then we are not judged guilty for Adam's sin, we only suffer the consequences of his sin. That's the Orthodox view.
And it seems extremely unacceptable as well, for reasons that seem obvious to me - it doesn't maximize kindness.
But I suspect even more than that. The Orthodox still need to explain the apparent coincidence that everyone sins. Given the duration of 6500 years of church history:
(1) Why is Jesus the only innocent person? Isn't that odd? 100 billion people, according to population studies, and none of us abstain from sin? Consider the angels. Given free will, many of them did NOT sin. Seems to me the most plausible position is that we acquired from Adam a sinful nature.
(2) Even if Orthodoxy doesn't explicitly attribute to us Adam's sinful nature, I seem to recall some troubling statements in a few of their articles (admittedly I'm not well-read on Orthodoxy) where they seem to explain the apparent coincidence by describing this world as a tainted world conducive to sin. Which means, ultimately, it's pretty close to the Protestant view, in the final analysis, if I have that right.
Admittedly I need to look up Orthodox beliefs on this. I did so many years ago but have since can't recall for sure what I read.