It's looking to be, but DMC2 was looking to be a better game when it was in hype mode too. Like the last time, I'll wait and see.
The funniest things I found with DMC2 was the complete and utter lack of plot and characterization. The characters basically move from one location to another and utter one liners once or twice per mission that have no relation to the story.
Hell, in the first confrontation between Dante and the head bad buy, just two sentences are spoken.
It's like they didn't want to pay the voice actors or something.
edit: Oh and your review saved me a purchase. Seriously I had picked it up after work before getting home, but I didn't open it. I was just about to when I saw the review was up online, so I read through and promptly returned the game.
I did later rent it to experience it for myself.... well more to oggle the female lead characters moves.
But I'm glad I didn't buy it. Hopefully Capcom realized its stupidity this time around.