Who was clamoring for a sequel to Hoodwinked? Seriously, who? The original came out 6 years ago (that's forever in the film industry; they're already remaking movies from 6 years ago), and it didn't do that well at the box office. Let's hope for the same fate with Hoodwinkend Too: Hood Vs. Evil, a cheap looking, unfunny, and of course, 3-D cartoon that's still trying to live off of the carcass of Shrek.
Red Riding Hood (voiced in this film by Hayden Panettiere, who I guess you go for if you can't get Anne Hathaway) is now a trainee with the Happy Endings Agency (see the first film for reference), and must go save Hansel and Gretel from the witch. This leaves a lot of room for noise, frantic action, and a lot of unfunny dialogue. This movie never stops moving. It's like your four year old cousin who created they're own TV show and won't take no for an answer until you've watched it. You'll also find your standard pop culture references, which you absolutely must have in a cartoon these days, because kids have no attention span and need that stuff. Unless your name is Pixar and you can actually write stories with real characters. Or Dreamworks. Or...just about anyone. Go see it if you must, but be prepared to be the only one in the theater. You're probably THE person they made this movie for.