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I think DMC2 is a good game, not great, because it's crap compared to the other DMC games, but still enjoyable.
The Good IMO:
Action. It's entertaining even though a little too simplistic.
Some of the music tracks.
The industrial environments. I think they were a nice touch and fitted well into DMC.
Some of the enemy designs.
The Bad IMO:
Repetitive battles and environments.
The complete lack of story and dialogue.
Dante. Where did his personality go?
Lucia. I never liked her character.
Arius. The worst main bad guy ever.
Elemental Hearts. They had no real elemental powers at all.
Only swords as melee weapons.
I give DMC2 a fair 7 out of 10.