Watch it? Definitely recommended to anyone with children. It is a very funny story with lots of physical comedy and a wonderful moral lesson. I feel like the "creepy" factor from the first movie was toned down a bit, and it is a perfect story that connected 101 Dalmations with the live-action 102 Dalmations movie. And despite what many Disney sequels might look like: this is beautifully drawn and animated with some of the best voice actors in the business.
Until the next item on my list!