I've seen 2nd person done well in more literary pieces. It works in more internal stories with universal themes. It doesn't work well in general fiction, and is easy to do badly.A while ago I made a bold statement that I hated first person, present tense. Then I gave it a try, and it turned out quite well. The form serves the story: the reader needs to be in the narrator's head as the events unfold. Past tense wouldn't have had the same impact, either from the narrator's initial worry and excitement, or from his reaction to the big plot twist.
Now I'm wondering whether a second person POV could actually work for a particular type of story. A lot of "you shouldn't, you know you shouldn't, but you can't help yourself." Probably I/T, or perhaps NC/R.
So that's going to be my next project. Watch this space! (Or not, if the idea of a second person POV makes you physically sick.)
Some people don't like it, and you won't change their minds, but the same is true of nearly any other creative choice. If you have chops to write it well, or just like to experiment, go for it. Not every story is for every reader.
FWIW First present is the default perspective in some genres, mostly YA, but there may be others. "The Hunger Games" is written in it, and though it isn't a flawless book, I enjoyed it. I'm definitely not in the target audience.