It really is lacking a lot of the original. The main issue for me came down to atmosphere. This one was just too cartoony. I mean, sure, playing as the "good guy" pirate can be ok a time or two. But what if I want to play a real bad-ass? I'm stuck with goldy-locks, the hero. I'm stuck watching cheesy swashbuckling moves (kicking buckets, etc) during combat. All ruin the game for me.
I don't mind some of the other changes, although the dancing is just dumb. And the land combat is better, but takes too long when doing it often. When I outnumber them 2 to 1, I shouldn't have to waste the time. Oh well.