I felt the same way that WoodiE does about EP1 and how it sucked. One of the major reason I felt this way was because of the fight scenes. They only had like a 8 minute fight scene and that was it.
Now EP2 was much better than EP1. Yoda rocks! That whole fight scene was great. Also the coliseum fight scene was sweet too. The movie did have its week points too like the whole love scene. BAH! I realize they have to kinda show that so the story line progresses but they could have did that differently. They cut that scene out of the IMAX version. Hehehe.
My theory is that Lucas is saving the last of his creative juices for EP3. I guess we will have to wait n see.