I love it for the most part. I think it feels better than Bayo 1 overall, looks nicer, has a tighter pacing and, thankfully, recycles itself less.
The boss fights are a drag that rely too much on their spectacle. The flying sequences all just take way to long and hurts their replayability.
I think that Asura's Wrath set the bar too high for absurd battles and that's a bummer, since Bayo 1 kinda got that ball rolling in the first place.