I didn't regret watching it, a lot better than the older Street Fighter/Mortal Kombat movies.
I liked the flow, the characters & actors, the fighting moves, and the use of anime sequences (changing to/from anime helped as well to keep me interested).
Two hours were for my taste too long and I would have shortened/compressed it to 1.5, I would have slightly changed the sound & music audio levels and chosen from time to time some even more aggressive songs (e.g. Slipknot?), I'm not a big fan of flashbacks and I would have reduced their amount, but the end result is still not bad.
All in all the movie definitely fulfilled my average expectations - I think that people that complain about it expected something that would have taken itself more seriously, but in my opinion doing it this way was the correct move.
If you want to watch a light dynamic action movie with quite a lot of good music then I recommend it.
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