Phenomenal? lol that's a bit of a stretch. I thought it was pretty bad to be honest. I enjoyed the first one a lot more.
While there are were number of times I found myself laughing in Ted 2, they were few and far between. For every 1 moment they tried to invoke some laughs and succeeded, they had a good 5-10 other moments they tried and failed. Also, the biggest problem was it's running time. 2 hours was WAY too much. Easily could have cut out a good half hour of the pointless, unfunny material (intro dance sequence, the entire road trip, etc)) and the movie would have improved greatly. Instead, I spent the entire last hour of the movie checking my watch and groaning when the film kept going and going and going. Really could have used this...
The movie was really lazy and sloppy, and when you add overstaying its welcome to the mix, phenomenal is not the word that comes to mind. More like, mediocre.