If you are familiar with the series it does feel like more of the same. Fortunately that's not a bad thing.
There is a nice mash up of all the best parts of EU2 and great new features. Having complete control over what country you control and what year you start is a wonderful addition. Overall this game gives you a greater feeling of control, yet amazingly it is also less overwhelming.
I've got to say if you like EU2, buy this game. If you like in-depth strategy, buy this game. If you like games that take time, care and thought, buy this game.
However, if you're looking for a quick game with little thought, steer clear.