This movie is one of the very few I've actually walked out of the theater and asked for my money back. Not that I GOT it back, mind you, but holy crap.
Yes, it's a video game movie... which should tell you it's gonna suck right out of the chute, but I was young and dumb in 1999. Later I got forced into watching it in a cinematography class (case study in what NOT to do)
HORRID acting, almost hillariously stupid physics... oh, and it rips off Top Gun, Star Wars and every other sci fi movie you've probably ever seen. I'm surprised Rotten Tomatoes even gave it 11%. That seems rather high to me.
You can see the trailer (complete with obligatory 'bullet time' BS) here.