Be ready to suspend some of your disbelief, otherwise it'll be a long ride.

I will start by mentioning that this was actually the sequel of another show with the same title. This had little to do with the Wuxia universe of the original show, however. It was set in the modern world where the main cast fought each other through their multimillion business and not martial arts. Leave it to the Chinese showbiz to put the two genres under the same franchise. This was all the more mind-blowing considering the magnitude of the production: the show was shot both locally and abroad (Iceland). Not sure what the sponsors had in mind when they gave the green light to this period-Wuxia-modern day drama.

The original show was... digestible, given that the characters were the reincarnation of their past selves. Incredibly, this season dealt with the reincarnation of that second reincarnation. The plot just ran away with it and never found its way back to consistency. The writing itself was... over the top and redundant (repeated amnesia, seriously?) The story dragged even at the best of scenes. One can very well see the struggle of the story, but that's expected from the outset.

The show used the same cast as the original season, but produced a whole different effect. While the cast fit well in the last season, the same was not true with modern day setting. Lei Hao, who was supposed to be a scientist in his early 30's in the show, was played by Zhang Yi Jie who couldn't be more than 20 at the time. That's asking a lot from the viewer. This is not to say that their acting was not good, however. That said, the only saving grace of the show was probably the acting and the expensive productions.

In short, there's nothing wrong with writing a daring story. But since it was not successful, awkward story was the result.