No, it's one of the coolest car ideas ever. It manages to piss off both crowds, the import guys and the muscle car guys while still producing a cool car. Both parts of that car are awesome.
That said, the movie looks decent. That said, I'm one of the few car guys I've known that understood and appreciated the first F&TF for what it was. Of course the idea of drifiting on Tokyo freeways in competition is silly, and all that neon is silly and the fact that it looks like most of the Japanese characters are played by Chinese is silly too. Still, I bet it'll be entertaining and hopefully piss off all the car guys who take this thing too damn seriously.