Agree, not sure about every level though, Mandalore is still no Canderous, and I don't even consider K2 inferior, I think it's a very even match overall.
With a year more development time, they certainly would have rewritten certain parts and fleshing out the characters more. Also, the leveldesign and art would have been improved, and the overall game a more polished and finished feel. But alas, exactly these shortcomings make K2 slightly inferior to K1, as a whole package.