It was more enjoyable than ASM1. Or to phrase that more clearly: there's a movie in there somewhere that is more enjoyable than ASM1. Unfortunately it's saddled with a mess of other stuff, a lot of which is clumsy set-up for a Sinister Six movie I don't believe anyone was interested in before and certainly not after.
The entire Harry Osbourne plot also grates, esp. in comparison to the Raimi films since that relationship was one of the things it did well. (Similarly, I thought Raimi nailed the origin story in SM1, making it extra obvious how much of a weak-tea version ASM1 was).
The whole Parker's Parents thing was again pared down to nothingness and turns out to be pretty meaningless anyway, which makes the choice to open the film with it very iffy.
Tonally, it's all over the map too, with the Electro stuff being closest to Raimi's unabashed cheesiness and thus for me the most enjoyable.
It reeks of writing-by-committee and studio meddling. I'm not as pro-MCU as many here (to me they're only 3 for 10 in terms of very good to great films and two of the great ones came out this year), but a clusterfuck of these proportions is unthinkable on Feige's watch.