This is the movie that should have been the sequel to the first one. Is a good movie in terms of quality and what not? Absolutely not. Is it a good movie in terms of action, popcorn movies standards? Absolutely. The racing scenes are awesome. There's a bunch of badass characters doing crappy acting and delivering horrid dialogue. Its just a fun ride like the original was.
I'd recommend this movie to anyone who enjoyed the first one or these kinds of movies. You won't be disappointed unless you are actually looking for a movie of excellent quality. If that is the case - why in the blue hell would you be going to see this anyway?