No where near as good as the first. It was entertaining, but overall left something to be desired. If you saw the first one and thought, "man, there was too much story line and not enough explosions," then you will love this one.
Its entertaining, I don't think it as watchable as the first.
Though I did like how they took a jab at Obama in it. I think it may have been unintentional, but it was a jab nonetheless.