It's pretty hilarious.  I think Street Fighter movies should be like this.  Take things litely and not too seriously.  Loving the actions words when they are fighting.  It's very 60's Batmanish.  The story seems pretty hilarious as well.  This might actually do well, better than Kick Ass, if the rating of the movie is PG.  Catch it sometime this August and while your at it read the comic book as well.  Oh yeah, Did you see the reference to the Mario Brothers? Genius.