Fun to see this thread again now, I just finished Dreamfall yesterday. It was one of the most enchanting (I wrote "gaming" here before, but that's not completely appropriate) experiences I ever had. The last 3 hours had me on the edge of my seat the whole time, and at the very end I got quite emotional.
I don't think I've felt this connected to game's story ever since Planescape: Torment. This is by far the best PC "game" I've "played" this year so far, and Gamespy shot up quite a bit in my estimation with the 5/5 they gave it. I feel for anyone who cannot see past its few flaws to appreciate the grand and unique experience it provides.
By the way, Dreamfall also recieved a honorable mention in todays
Gamasutra article (Quantum Leap Awards - Storytelling)
I really hope they sold enough copies to make the third part of the trilogy. If you haven't bought this game, you're part of the problem. Interestingly I also played the original TLJ right before this game, and while the battle parts in Dreamfall were somewhat unnecessary, they were not hard at all and probably take up less than 1% of the game. I don't understand L233's dissatisfaction at all. In my mind, TLJ and its successor stand tall together as 2 of the finest games I ever played. Or rather experienced, as the gameplay is the least part of it.
[Edit]
Reading that post again, there are a few points of L233 that I have to partly agree with: The characterization in Dreamfall is clearly inferior to TLJ. That still makes it better than most games out there of course, but it's true. However, this was ameliorated for me by the fact that I still "knew" April and some of the minor characters from the first game, so I had at least some connection from the beginning.
The other thing is the humor: while I think it's just plain wrong to say that Dreamfall is devoid of humour except for "a few lines" - many of the dialogs are hilarious -, there are some lengthy sequences that are quite serious throughout. However, I believe that's necessary for the story. In TLJ, April also didn't make any qips in the realm of the guardian during the second test, did she?