I've loaded up Shenmue 2 a few times and I don't think I found Wan Chai...er, I take that back, I got to the scene where you punch the tree.
I can totally respect what the game is, which was amazing for its time, but I think you have to be a bit fetishistic to truly enjoy the Shenmue games these days. It controls horribly, the mini games are boring, fighting is boring, dialogue is beyond bad ("so bad its good" is nice, but not for a full length game, imo), and it may even be a bit too realistic. I spend my days running around working and making measly sums of money in hopes of saving up enough to survive--why would I want to do that in a game?
Yu Suzuki seems like Sega's Sakaguchi-- a guy who did a lot in his time and who changed the industry, but we need new blood.