Once the actual gameplay started after the in game cutscenes about training that kid were over, I think it looked pretty good. But I also think it looked exactly like the first game. The lighting looks a bit softer, but that level design was lame compared to the inevitable other levels that will be in the game.
I wonder how rushed epics timeline was to get the game out this holiday to compete with Sony's lineup.
It should absolutely look better than the first to everyone, and I do not believe that it does. It will undoubtedly be a fun game though.