As a martial arts instructor (karate) I must say I really liked it. Yes, I grew up in the 80's and loved the original. All the fight scenes were over the top as well as the training scenes. But lets face it, tournaments aren't that exciting. You do get a few good fights from time to time and it takes years of training to do some of the things they do. Poeple that aren't into the martial arts would be pretty bored if they didn't throw in some flash.
I like the way this new one paid homage to the original without completely copying it. I really like the fact that Jackie Chan was "Mr. Han", not "Mr. Miyagi". It was nice to see Jackie Chan in a serious role.
I wish they would have showed other parts of the competition. Most tournaments consist of Katas (open hand forms), weapons katas (weapons form) and kumite (fighting). You got to see Jaden Smith doing open hand and weapons katas in his training but never performed them in the tournament.
I did see allot of fellow martial artist at the movie theater, but none were in uniform. That would have been very disrespectful. Unless they were putting on a demonstration for the movie goers.
I guessing I will be getting an influx of students from the movie.