I don't get how people could say that some of this stuff is worse.
Freaks/Underground - Subjective, your call.
Frame rate - Better.
Until you get some freaks onscreen and it plummets like crazy
It is 30fps most all the time, until stuff starts getting really crazy.
http://www.eurogamer.net/articles/digitalfoundry-crackdown2-demo-blog-entry
Graphics - Greater draw distance, less haze, more vibrant vistas.
Muddier, less colorful look than Crackdown. Even the devs admit they will fix this in DLC
Targeting - This is pretty much the same. Crackdown 1 had some issues here, too, unfortunately. Honestly, it doesn't bother me much. Just shoot everything. Get the rocket launcher and everything within a 100 foot radius explodes, anyway.
Except you have more enemies and objects onscreen and Ruffian didn't modify the targeting system for this new setup
I had a blast playing the game last night with 3 buddies!