Utter cheese perfection The acting is terrible (aside from Steven Seagal's hair, which subs in for The Hoff's hair, which is probably hanging out with KITT), the dialogue is terrible, the action is terrible. However, throw it all together with whatever secret ingredient there is in this movie, and you have the perfect terrible cheesefest movie to laugh along with, and at.
You DEFINITELY need to go into this with a sense of humour, but it can be enjoyed, it's just so much fun!