How bad is it? It's a bad obvious rip-off.
Should you see it? Sure. It's entertaining in its way.
This starts with a confusing back story of a south sea dragon queen, then catapults 100 years, when an anthropologist becomes an evil cyborg chasing down an Asian pop star. There's a guy with a mullet driving a tank. Everyone is badly dubbed, the acting is weak at best, but the high body count keeps one's interest.