It was quite good. Bruce is very good in it and it has some really funny moments.
It's considerably better than the other low budget feature he directed himself "The Man with the Screaming Brain", it's not nonsensical for a start it's actually pretty conventional and straightforward but just fails to hit the mark in a number of areas, such as effects and dialogue. He has tried to direct it like a Sam Raimi movie IMO, but he's not as good as Sam.
Still, Bruce fans will certainly find something to enjoy in it.