How bad is it? It's cheapness is almost breathtaking.
Should you see it? Maybe. If you don't mind gore and slapdash filmmaking.
This was director J. R. Bookwalter's second film; his films have developed a cult following with people generally saying, "that could've been a good film, if there'd been a bigger budget," but it's the intentional cheapness that's the charm. The movie starts with a robot ninja in an action scene, but it turns out to be a campy TV show. A guy's upset that his favorite comic book hero has been co-opted, so he decides to become the character in real life. Unfortunately, he's no ninja nor robot - he's not really equipped in any way to fight crime. And he gets his butt kicked by the local gang repeatedly (the gang has five members, none threatening, with a tiny female leader), before finally triumphing. Burt Ward and Linnea Quigley have roles. I liked the laboratory in the basement best, for some reason.