http://www.youtube.com/watch?v=cycqwmYgjuAThe Man with the Iron Fists
is fairly good, if judged by B-movie standards.
Russell Crowe and Lucy Liu do much to elevate it. Both are fine actors, but, really, Crowe seems like he should be above appearing in this grade of movie. It seems like it should be a step beneath him... He does appear rather overweight in the film, so maybe he was enticed by some really good catering?
The story gives many nods to old school kung fu movies, but the action is by New Wave (if we can still call it that, at this late date) Hong Kong choreographer Cory Yuen. So, the glory of Shaw Brothers or Bruce Lee is hinted at, but never approached. Moreover, as directed and cut by star and writer (and famous hip-hop artist) RZA, much of the action flows in choppy music video style, allowing only several fights to become honest, martial art showcases.
RZA must be fulfilling a boyhood dream to be the hero of a chop-socky movie, but his acting chops aren't up to the task. To make things worse, his character is given the most boring backstory of trite cliches, which all adds up to a lengthy death-lull of excitement when it gets told in flashbacks.
Still, on the whole, the movie has plenty of slick flash which makes it ultimately pretty fun. Rated "R" mostly for bits of gangster-rap dialog and unbelievable spurts of CGI blood.