While there have been improvements with AP2, I still consider it as reliable as a student driver - it's going to make mistakes and you have to be ready to take over control when it does.
On some surface streets, there are several areas where TACC will automatically slow down briefly before resuming the set speed. Last year this happened periodically when going under large highway signs or bridges, now it seems to be doing it if there is a quick coloration change in the road - going from light to dark. Evidently the software is misinterpreting this as a potential object.
The software is also to conservative when vehicles are crossing the road in front of your, or when a car in front turns into the adjacent lane to turn at an intersection, causing the car to slow unnecessarily.
These are inconvenient, but not a huge concern.
What is a HUGE problem is when the software gets confused at highway speeds (65-70 MPH) and decides to slow down, either because AP thinks there may be an obstacle ahead OR because the speed limit database believes the speed limit is considerably below what is posted.
Two nights ago, driving home late at night, in heavy traffic - all moving at 65+ MPH, hit a spot where the speed limit database thought the highway speed dropped from 60 to 20 MPH - and started quickly slowing down - in the middle of highway traffic. As expected, this resulted in the car behind me closing the gap quickly - and honking their horn at the unexpected AP response.
Treating TACC/AP as a student driver, because I monitor the above situations - as long as I'm paying attention, I can correct this by applying pressure to the accelerator and getting back to the desired speed before TACC/AP is ready to drive at the set speed.
The software is still learning - so we should expect this type of behavior. Though the numerous errors in the speed limit database really need to be fixed. Prior to the change over to the new speed limit provider last summer, the speed limits were relatively correct. Now, there are many more areas missing any speed limit (which prevents AP from running) or with incorrect speed limits (which causes TACC to slow down or improperly set the default speed too high) - and this needs to be fixed...