You can tell this edition was made with a much larger budget, more refined tools, and a lot of lessons learned from the haphazard first game's remake. It's now a pleasure to play the game and listen to the banter, at least until you hit those infuriating puzzles, instead of a chore of fighting the interface and being let down by speech delays. The beginning of the game in particular is a must-play, chock full of hilarious banter. I wasn't as amused by Guybrush's total amoral sociopathy as his bumbling cluelessness in the first game, but the supporting cast definitely made up for it, especially once Stan shows back up into your life. I just wish he had another cameo near the end!
The puzzles this time around do reflect that increased sociopathy; this is not a game made for the faint of heart, and being stuck is a regular occasion, especially since it's such a huge world with so many locations available and so many items in your possession later on. In the end, occasionally hitting the walkthrough kept me from rage-quitting a few times, and some of the answers really made me question the devs' sanity.
But it's all part of the package, and what a package it is. Do yourself a favor and snap this up, even if you've played the original through already!