Good to see controller support added, I was never a huge fan of playing this on the PC.
I tried to play this a few years ago with the fan patches and content restoration stuff but it was still very buggy.
I got about 20 hours into the game and hit a bug that stopped me from progressing further in the game (my ship was empty and I couldn't access the Navigation Computer to leave the planet, even though I had done everything there was to do on the planet) and I'm pretty sure all the saves I had were still past the point of no return for what caused the bug (some strange scripting error that triggered the same side mission twice).
Hopefully this update will be more solid than manually installing these patches, but I'm not sure I'll go back and play it again. The 20 hours I did play was pretty dull with almost no forward progress made on the plot. The starting area sucks and takes forever (I think there are even patches to skip it actually), the next area wasn't much better (some space station above a planet or something), and the area after that I went to was Dantooine which was the same as the first game just browner and uglier. If the dower tone is something you're interested in the game would probably be up you alley, but I personally like the more upbeat and Space Opera-y story, setting, and characters from the first game.