I think it ends sort of like the first one. It wraps things up but also sets up for a third arc.
Maybe "cliffhanger" is the wrong term. It has a conclusion but doesn't answer all the questions.
You can always watch the cut scenes on YouTube if you want to finish the story without playing it.
I will say, having to wait like 5 years (4 or 5 ?) for the 2nd game (I'm on PC too) , was kind of lame.
Like waiting 5 years for the 2nd book in a trilogy.
I felt like I couldn't remember details from the first very well. Ended up watching a video of the cutscenes to refresh my memory before playing the second.