Not as great as the second one, but way better than the first and the third.
The paladin version of the game was by far the most rewarding, as you got to see everything in the game, especially if you were a thief/mage paladin like I was. The characters were more memorable than the third and first one, and actually had personality. The vampire girl I remember was sweet, but her appearance gave me nightmares. The story got more complex, and the puzzles got more fun. I enjoyed this game thoroughly as a paladin....
....but I hated the game as the other classes. The thief had no impact on the game whatsoever, unlike the first and second game. There was no profit at all. Instead the focus came unto the paladin, who had more things to do. The battle system just fell flat on its face, and battles became a breeze to those with magic abilities and the real-life ability to hold down the magic button and let go at the the right time and an exercise in frustration to those who had to trudge through hand to hand fighting. The storyline, while the best in the series, took itself way too seriously and almost wiped out my impression of the light-heartedness of the earlier games and had no place in this series.
The Bottom Line
Buy this game so you can hate the third but appreciate the second game.