Predator is superior. Predator 2 is not bad.
The only thing about it, despite it being made in 92, I think its suppossed to take place in 97. Thus the gangs are ridiculous. No Crips or Bloods, jamaicans (wtf), and generic eighties gangs plague the storyline.
Its also got some silly moments. I despise the subway scene, but other than that, it is pretty okay.