Well, call me disappointed. Just got back from seeing it and should have waited until Red Box. No, it isn't terrible. Without any frame of reference to the first film, you might even say it was pretty good. I could not shake set comparisons to Blade Runner, Fifth Element, and Minority Report however. Can't Hollywood come up with an original looking dystopia anymore, never mind a fresh story?
As much as I've grieved Schwarzenegger's acting over the years, I missed him as Quaid. Beckinsale does a good job combining Sharon Stone's role with Michael Ironside's however, she ain't no Micheal Ironside. There were reasonable actors in this film but they were disappointing. I lay that at the feet of the director. Wiseman is competent, he just isn't (yet) at the level that Verhoeven was when he did Robocop, 5 years before he directed Total Recall.