Good, but just more of the same.
More levels is nice, but this game still lacks replay value. (Once you figure the levels out, the challenge is gone.) I hope Ragdoll Cannon 2 will include a level editor of some kind, as that would dramatically increase the game's staying power. (Even more so if there's a way users can share levels, maybe some kind of encoded block of text that can be put in forums or comments.)
I wouldn't have expected it in this version (gotta leave something to draw people in for the sequel), but you could have at least assigned hotkeys to the mute and reset buttons. Half the time, when I try to click on them, it registers as a launch, and a ragdoll gets blown into oblivion. When you're using a golf scoring system (lower is better), this can be irritating.
Don't get me wrong, it's still a great game. It's just, for lack of a better term, 'disposable'.