Yes. Even better than the classic moo1.
a) Because of combat system
and
b) Multiplayer!!!
There are still lots of players who play this game online (with the new 1.4 patch). Details:
http://masteroforion2.blogspot.com/2004_02_01_masteroforion2_archive.html#107792119255475969
See also our new forum:
http://www.spheriumnorth.com/orion-forum/nfphpbb/