it's flippin' amazing. if you liked Icewind Dale, you'll love ToEE. the beginning is a bit slow, but once your party levels up a couple of times, you won't stop until the game's over.
you do need community patches. google "Circle of 8" or "Co8". it fixes a lot of issues, making the game a bit harder in the process. they're not mandatory, but a lot of people have issues with the game without them, so to be on the safe side install them
IWD was decent. Not a major incline, but I didn't get bored with it. If ToEE is about as good otherwise, I think the TB combat (of which I've heard good things about) can compensate a bit for the lack of writing other people have mentioned as being bad. Thanks for the tip, I'll get the Co8 and see what it does.