It's good, certainly. But it doesn't hold a candle to the first one.
When's the last time you played the first one? It really doesn't hold up as a game even a few years later.
Most of the podcasts that I've heard complain about combat played it on normal or easy. I found the combat very rewarding but I only played on hard and 1999 mode. It's worth playing, but if it's already been overhyped to you, then stop playing.