If you have an nvidia card you, very likely, will not be able to run MTW. My 9x nvidia card simply cannot render the 2d sprites properly with both stw or mtw, as such i can't either on my desktop. I never heard of a 100% fix for that issue so i gave up. My laptop has an ATI graphics chip in it however, and it can run the old total war games just fine. But nevermind thatfor a second and let's just answer the question.
Out of box MTW is the better game provided your hardware doesnt conflict with the engine. The modding scene however makes M2 so much better with efforts like Stainless Steel and Broken Crescent (to name a couple). If you choose to get M2 stay away from the steam version. I say this as one of the minority on this board who enjoys steam. The steam version of M2 has serious conflicts with mods that require you to run the game through a different exe (like stainless steel does). If you have a mind to play m2 grab a retail version.
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