Very poor follow-up.

Rating: 3/10 (16 June 2006)

As far as the general storyline, this film is OK, nothing surprising, and certainly not a disappointment.
However, after the very good editing that made volume 1's swordplay enjoyable and relatively convincing, the martial arts scenes in this movie are difficult to watch.
Yes, this is obviously in large part a spoof on martial arts movies. Yes, it takes some of the stock characters from such films and makes some great plays on them, and yes, it integrates this well into the story (even if it is amazingly cheesy).
However, to watch Uma attempt to look proficient in hand-to-hand fighting is truly an unpleasant thing, and takes away significantly from the movie. I didn't realize until seeing this movie how well-edited vol. 1 was -- watch it again. You won't notice how incredibly awkward she is, because the cuts are so good that all you see is quick action, not her swinging that katana. In vol. 2, you see all of that in-between, and it turns out it's a VERY good thing we missed it in 1.
Were it not for that, this could have been an acceptable conclusion. As it is, if you have any kind of background in martial arts -- or even martial arts movies -- you will probably find this film very hard to take seriously, even as a parody.
Extremely overrated. Watch at your own risk; you may end up with an aversion to the first one as well, as I did, which is very unfortunate.