Good: Lots of content
Bad: Terrible progression system, itemization, and too easy.

Good: Beth worked on making a working culture this time and it shows.
Bad: Most NPCs fail to make good use of it.

...wow, a lot of hatin' going on on the first page of the thread .

Good: Lots more options in certain areas, for example you can now do forging, get married etc.
Bad: Some options were cut from certain areas, for example spellmaking .

Good: Best open sandbox game I have yet played
Bad: The GUI suffers from Console compatibility and is very bad (especially for a mage).

good : object physics and persistence
bad: 70 voice actors just isn't enough after 300 hours

Good: The beautiful scenery.

Bad: The Magic system.

You need to post something good about it. I know you don't like this game, but c'mon.

Anyways, the general census is that the game improves on things like the game world, combat, and that it's a shallow-at-best RPG and has a clunky UI.