That art looks sexy, I had thought the first just had a normal style? I heard mixed things, mostly that it was a nice experiment and did many things right, but not enough to justify a purchase. Hopefully it's been improved.
I think that Red Steel receives far too much criticism than it really deserves, the game was one of the very first FPSs on the Wii so you have to cut it some slack. I though the Idea, graphics and environments were all pretty good, the thing that were mostly holding it back were some tech issues and controls (which I partly blame on the rushed release).
I hope they've learned from their mistakes and make a great game.