I haven't thoroughly played yet, but here's my initial verdict.
I moved into Moonlight Falls and made an Evil Faerie named Alfonzo and his good daughter, a witch named Daisy. To complete the ensemble, I made sure that Alfonzo had Purple Wings.
Moving into Moonlight Falls, I saw that there weren't a lot of empty lots.
I bought a lot for around $3000, and Motherlode'd twice. I used as much SN content as possible. I love the LLAMA and the Hidden Door. My house is full of secret passages, and even has two LLAMA's.
I LOL'd at the new Romantic Interaction "Confess to Watching while Sleeping" (or something). It was so sweet (in my eyes. It can be ambiguous, but I took it the sweet way). I didn't try it, but I did have my Alfonzo marry a human.
I spent a lot of time just zapping around in the LLAMA, and I also enjoyed brooms -- EA even put training wheels on the Zoomsweeper Junior broom.
All in all, from me, around a 8/10.