I've been playing it for the past few hours. I've always wanted to get this game because I immensely enjoyed the first one, and also because I don't think we have enough wild west themed games. The only recent western game that I'm aware of is the Call of Juarez games, which I didn't really care for, but it's good to finally see a good game set in the old west.
It's really fun. There's a lot to do, with the typical western tropes that you can take part of like capturing bounties and playing poker in the saloon (Which I heard that you can cheat, but I haven't tried that yet.), but what makes the game really cool is how unpredictable it can be with it's random events. I was riding back into town, and then I heard a woman crying for help, so I rode by and she said that she needed a ride home. What I didn't see coming was her throwing me off of my horse and then stealing it for herself! Luckilly, I gunned her down (When she was a mile away with my horse no less) and got my horse back, but that really caught me by surprise. It's just one of those little things that make the game world feel alive.
So far, it's shaping up to be a mighty fine game.
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"I never lose. Not really."