When I played Ragnarok I thought it was good, great even, but in hindsight I feel it was a bit of a disappointment. Too much content felt rehashed, from locations to bosses to realms, a lot just felt the same. It had some weird pacing issues. Worst offender is of course the section with Angrboda, just awful and plain boring to play. I haven't seen anyone actually like that part of the game. Another disappointment were the graphics. They were uneven to the point where the PS5 version felt extremely last gen. Guerilla made Forbidden West feel like a true next gen showcase even if it was cross gen, but Ragnarok had parts where you could tell it was stuck in 2018. The same goes for the loading times. They used the same trick as GoW 2018, which was fine for PS4, but on PS5? I thought traveling to other realms would be done in an instant, but instead we got the same boring talking shit before the portal opened. There was not much variety in new weapons. The spear weapon Gungnir wasn't as fun as Leviathan axe and Chaos Blades. Would have loved something like the Nemean Cestus from GoW 3 or Typhoons Bane from the second installment.
The game does have some great parts though. Thor and Odin steals every scene they are in, especially Thor. He is easily the highlight of the game and he is also involved in the best scene in the entire game. Asgard was a fantastic new realm to explore, loved it everytime you went there and got the chance to explore it. The same for Svartalfheim and Vanaheim. Great new additions to the Nine Realms. The action is as satisfying as the first one, it had better set pieces and bigger fights, like in previous GoW. The fight against Fenrir was awesome.
Overall Ragnarok is good and definitely worth a playthrough. It's polished and delivers some truly awesome spectacle, but I had hopes it was going to be a bigger and better leap from the original. Although, it's a very high bar to cross so maybe it's unrealistic expectations.