Apparently, some people were disappointed even with the R1. Commom problems were the picture was too soft and the colors muted... still, I'm sure its better than R3 since it complete with DTS, slipcase, cards and EVEN correct spellings (I hope)!
Some say it has bad visual effects which I disagree. It's not perfect but it certainly exceeds KK in the green screen skills department (Compositing), KK's was really bad. Kong himself is quite an achievement though.