As another who just completed the game, I agree a lot with WoW but disagree on other things. I actually liked Emil. At the beginning of the game, he was AAAANNNNOOOOYING. I hated him, I thought he was REALLY emo, and whiny. But as you progress through the game, and as he gets stronger, his personality begins to change and he isn't as pathetic.
I was originally concerned with the story at first, but I actually feel the story is equal to the original. It's original, it fits in with the original story and it makes sense. The characters are IMMENSELY better for dialogue and the skits are amazing.
I was also concerned with the monsters and lack of map movement, but it all made sense too. How you obtain the monsters fits in with the story, and they are very helpful, sometimes more helpful than the ToS characters.
I agree with the part about Lloyd and also am disappointed you don't get to use him until later on in the game.
Another Pro is that you can play as any of the ToS characters when they're in your party, though they have set movesets so if you were expecting to use the higher tiered artes, you might be SOL.
What I didn't like about the game. No Kratos, minus his brief narration at the beginning. Colette was the only playable character whose voice actor carried over from the original. The battles did have that feeling WoW described. TOO easy, or TOO hard. I think that's about it. :)