Great improvement over the Gamecube version, and you can still teach animals cursewords.
That said, it's graphics aren't great.
It has, however, built on the gamecube title with more stuff to collect, more to do, online and more (at times, incredibly funny) dialogue.
The lame fish jokes are back (oh no!),
it is still real-time.
Best of all, multiple players can now visit the same village at once - which makes this a game of imagination - you can either host a fishing contest, bug catching contest or play hide and seek.
Sounds a little lame... but it is quite addictive. A good game to fool around in on a long trip (with a friend or sibling next to you with the same game).
The best graphical improvement is the lack of screen-edges & scrolling screens while you move to the next. There are some mayor additions here.
If you are in to laid back games, where story is unimportant and you like to draw, decorate and catch stuff... this game is definately for you.