Yes absolutely, but I think they need to make some changes for the sequel.
First off, the medieval fantasy setting is so played out. I think they need to look at the recent JRPGs that have had a lot of success in the US, such as the Persona games and likely the next Fire Emblem. That is, they should set the game in a Japanese high school. Now, setting the game in a Japanese high school is obviously the right decision, but then that makes the classes of mage, strider, etc. not make as much sense. They should think about modernizing them according to different archetypes present in this setting. So instead of being a knight, you would be a football player. Instead of being a strider, you would be in the archery club, instead of being a mage, you would be a nerd, etc.
Another thing that could use updating is the combat structure. It could get really tedious when you run into large packs of enemies all of a sudden, and are getting hit by several from different directions off screen that you don't even know exist until it's too late. To combat this, I think they should focus more on the 1 on 1 aspect. But... having your pawn along with you is a great gameplay system, so they should definitely keep that. So maybe focus on 2 on 2, just you and your pawn tag teaming enemies in groups of 2, maybe even use some kind of instanced arena settings for battles to really emphasize this.
Given all of these changes that will be incorporated in Dragon's Dogma 2, I think they should go with a new title to reflect the departure from the games. In fact, Dragon's Dogma 2 isn't really correct, as it would be the third game in the series if you count the MMO, so really it should be Dragon's Dogma 3. Dogma is such a weird word though, and doesn't really tell you anything about the game. Since the game is now taking place in a school setting, how about we replace this weird Dogma word with something more specific and descriptive of the new game- Dragon's Schools 3. This tells you more about the gameplay setting, but if we are moving past the fantasy setting, it would also make sense to replace the "Dragon" part. The new focus on you and your pawn vs. the world brings another word to mind... maybe Nemesis Schools 3? But that's confusing, since Capcom has another game with 3 and Nemesis in the title- Resident Evil 3: Nemesis. So what's another word we could use... Rival? Rival Schools 3? I like the sound of that.