I attended the premiere last night. I was a big fan of the first, so I knew this could never live up to it - I still enjoyed it.
The Kings of Mykonos clearly had a higher budget than the original, but a lot of charm was lost in this. The plot revolves around Steve & Frank heading to Mykonos to claim an inheritance from a long lost relative and the predictable hi-jinx ensue.
I don't think anyone was expecting an Oscar quality movie here, and it won't exceed those expectations. There are still sufficient laughs to be had, but it is certainly not the laugh-out-loud-only-in-Australia humour of the original Wog Boy.
Nick G & Vince C are starting to show their ages, but it works in the context of the film.
The two female leads are absolutely stunning in any language but you never quite buy the chemistry on screen. Kevin Sorbo has an amusing role as the King of Mykonos, and Alex Dimitriades's Mihali character had so much potential but barely has a line in the film considering the pivotal role.
The ending of the film was confusing and abrupt and I'm not quite sure what was supposed to go on there. It might be worthwhile waiting for the DVD version to see if there was an alternate ending. I also read that there was a sex scene filmed, but this certainly wasn't in the edit I saw last night.
All in all, I recommend it - particularly if you enjoyed the music and oh-so-Melbourne "wogginess" of the original. The scenery is breathtaking which is a nice change for the film. Don't have exceedingly high expectations and you won't be disappointed.
