It's hard to believe, after waiting 14 years, we wind up with this piece of cinematic garbage. The original was a high impact, dark thriller that achieved "cult" status demonstrating the fine art of cinema as directed by Paul Verhoeven. This film adds nothing, delivers nothing, and ultimately winds up in the big box of failed sequels.
The opening sequence could have triggered an intriguing set of plot developments using a considerably talented and able cast. Unfortunately we are treated to a 90 minute dissertation in the self-indulgent life of Catherine Tramell... or is it Sharon Stone. Possibly a copulation of both.
If the desire is too see a continuation of the sensually provocative stying of sex as in "B.S.1", forget it. You wind up with soft-porn boredom which ultimately upholds the old adage that a woman can be more alluring in clothes than out of them. It's interesting to note that the wonderful Charlotte Rampling was romping around in her skivvies, via the 1966 GEORGY GIRL, when Ms. Stone was only 8 years old. A very talented actress and quite adept at holding her own even here.
If you're a true cinema fan then you must see this film and judge it using your own rating system. If not, you might as well wait for the DVD release in the "rated" version, "unrated" version, "collectors" edition, or "ultimate" version, and perhaps in another 14 years we will be saturated with news of "Basic Instinct 3" at which point Ms. Stone will be 62 years old and nobody will really care.