I didn't have as huge a problem with the movie as apparently everyone else did (I actually really liked it). But the cheese this time around felt natural in the movie for me. Sure, some things could have been toned down a bit, but I also think that the pizza scene from Spider-Man 2 contained more concentrated cheese than all of TASM2 collectively.
The movie has some serious flaws, though, and that is why a lot of people seem upset. Did it bother me? Nope. I know a lot of other people outside forums seemed to really enjoy it. I think it's partly because we're so overcritical of films that we dissect it so thoroughly.
...though I fail to see a lack of growth in Peter Parker. I think he advanced as a character pretty far over the course of the story. He had his ups, downs, learned to move on from his parents, had to deal with people reacting to his problems realistically, and, in the end, had to see that life goes on after tragedy strikes. If anything, he grew as a character more over the course of this one film than Peter Parker in just about the whole Raimi trilogy, who started as a dork who didn't know how to get the girl, and remained a dork who doesn't know how to get the girl. The fact that Peter is willing to move to England just to make Gwen happy alone proves that he's grown a lot from the start, where he basically expected Gwen just to deal with his double life essentially on his terms.
rant over. xD