Seriously dudes, the Phantasm series is awesome.
I'm right there with you on that. The entire series is strange in that you're never quite sure what's real or who's dead or alive. It's a polarizing series, as it's not all that scary (my wife is scared of the Tall Man, however), not hardcore enough for the gore fans, and probably a bit too sci-fi for diehard horror fans. However, it is certainly original, full of creative ideas, oddball humor and completely unlike any other series of films out there. Perhaps, that's why some don't appreciate it.
The original has an ethereal, yet gritty 70s drive-in vibe, while 2 is an unashamedly action-packed 80s horror comedy that's more about fun n' FX than scares or atmosphere. They're as different as the orginal TCM & TCM 2, Alien & Aliens, or Evil Dead & Evil Dead 2. While the tones of these films are wildly different, there seems to be many who are fans of each for that very reason. If you're just not into the Phantasm series, well, there's just nothing for it.
3 & 4 feel a bit made for TV, but if you've been on board for 1 & 2, you'll find a lot to enjoy about them. So, yeah, I love Phantasm 2. I'm ready for the long-rumored Phantasm's End. They better get on it while Scrimm is still alive.