Easily as good as first part. Still somehow less epic than the LOTR, but not necessarily bad thing.
Luckily "romance" sideplot wasnt overplayed. It's just one aspect of the story that fleshes out the dwarves. Same as one dwarf having hearing aid, one having axe on the head. Now one has a crush on the elf girl.
Cant wait for an extended edition and behind the scenes look to the barrel chase