It was ok.
Maybe if I remembered more of the toon it would of been better. Maybe if I had re watched some episodes like I did for Transformers (those old cartoons are even cheesier than I remember) I would of enjoyed it more.
One of the few things I remember about the cartoon is Serpentor (had to google and wiki the name). At the time I remember liking the mini series where he was introduced. Not sure if that would help this franchise any but the character is no more cheesy than the green goblin or many other sci-fi/fantasy/comics bad guys. And I don't remember thinking destro or cobra commander "cool" even as a little kid....
I don't think I will watch a sequel, I did not think I would watch this one and it didn't leave me wanting for more.