Picked up a copy on the way home from work today. I saw it a couple of times in the theater. I've enjoyed it, even though it's not as good as the first in certain areas. The first one had a pretty good story, and good deaths. The second one has better deaths, and not as good of a story.
So if you thought the deaths were sweet in the first one, they're much better in the second!
Unfortunately New Line decided that we need both WS & FS versions as well as all of the extras on one disc.

Who in the hell wants a movie like this in a Fullscreen format? FS is for kiddie movies. Are there parents that are showing this to very young kids? I certainly hope not as this movie is brutally gory.
And of course all of the extras are on the WS side.

And while the WS side is dual layer (the FS side is only single layer), there's still too much information resulting in higher compression.

So the video quality suffers (at least for those of us that are annoyed by less than ideal compression rates), though I'm betting that your average schmuck won't even notice.
Anyway, one of the coolest scenes in the movie (and one of the best on film this year IMHO) is just 10 minutes in.

Proof that you don't need mega huge budgets to film awesome action scenes. They shot FD2 for $26 Mil. Which doesn't come close to some of the other summer action films such as Matrix Reloaded (about $150 Mil), T3 ($170 Mil) , The Hulk ($120 Mil), or X2 ($110 Mil).
Have only watched the first 20 minutes or so as of yet. The DTS ES mix is ok so far, not terribly specatular though. But the big highway wreck goes over pretty well.
If you liked the first one, try the second one out. Or catch it if you're fond of deaths in films where the SFX crew really paid attention to detail.