Yes, it's a bad movie. But I do actually think it it's better than a lot of people give it credit for. There are some clever elements, particularly with the production design, that indicate this could have been a pretty decent comic book-type movie had it not been for studio mangling. It's still bad, but I'd be lying if I said I didn't enjoy watching it.
I love this movie! Not because it's (it's actually one of the worst movies you could see), but because I loved it so much as a kid. When I watch this I feel like a kid again. And even now that I'm 18, I can still find reason to love it because it is bad, but that's what makes it so good. You are never bored when you watch this.