It really depends on where you draw the line e in the sand, I suppose?
If you’re not too heavily invested in the game series (so you’re willing to accept retcons/story divergence), and are able to switch your brain off for ~100 minutes you’ve got a decent enough chance that you probably won’t hate it.
More than anything, it just has a lot more in common with the ‘bad old days’ of video game adaptations (live action Mario Bros., anything Uwe Boll touched), than the newer crop of more faithful/reverent adaptations (Sonic, animated Mario etc.).
Ill give you this; it was so bad that it looped all the way around and ended up good despite literally everything.
I definitely enjoyed the hell out of it as a kid, but let’s not pretend that it was anything approaching a faithful adaptation.