Not as much fun as the first one...
My wife and I watched this last night and agreed the first one was measurably the better movie. IMDB would seem to agree based on the collective ratings.
The first one had no villain... it was a straight-up road trip / adventure movie. This one has a villain. The blandest sort of villain -- he hates humans just because, well he hates humans. He's played by an equally bland actor I've never seen before.
The first one was also a fish-out-of-water movie that sees Santa comically struggling to deal with everyday people who don't believe in him as he searches out the toy bag in our world. The plot of this one really treads water for a lot of its running length as we see endless scenes of gremlins... I mean "elves" running around doing goofy / evil things.
Interestingly, the best part of the movie for us is the all-too-quick side adventure at the airport and Kate Pierce's chance meeting with someone special.
It really suffers from not having the brother and sister together for the adventure. The first one was about them making a connection with each other. Instead the brother is swapped out for the younger kid who doesn't have much of a back story to engage us.
This movie lifts elements from better movies. Gremlins is the obvious one. But there's also a bit of Wizard of Oz. Back to the Future. A touch of Star Wars and Lord of the Rings with the mission to Turkey...
Goldie Hawn... what to say? It's great her character is given a much bigger role here, but I'm probably going to burn in hell for saying that her noticeable cosmetic surgery was distracting.
And that ending with them singing on the beach had us gagging. WAY too much saccharin for us to take.