How bad is it? It's one of the more extreme Andy Sidaris films (in other words,not good).
Should you see it? Yes, perhaps after seeing some other Sidaris films first.
Andy Sidaris films are filled with large fake breasts, remote controlled toys, explosions where no one gets hurt, shootouts and just enough plot to hold together. This one has Erik Estrada returning, plus Pat Morita as the bad guy. Usual topless agents Dona Speir, Roberta Vasquez and Cynthia Brimhall return and are out-sized by stripper Pandora Peaks (who, if you know from anything other than the Demi Moore film "Striptease," means you have a fetish). Six pairs of killers hunt the LETHAL team, who are given a head start. There's the most questionable tracking device in film history used; though, given that the film seems to be in Hawaii, L.A., Vegas and Shreveport at the same time, maybe it's not the device's problem.