Yeah, it fits in the cathegory of "so bad it's good". When TLA is pretty much just horrifying.
Video game movie-wise, there are a few widely-reviled movies which I think actually did a pretty good job at being... well, movies.
I liked as a kid (and still like) the Super Mario Bros movie. And no, it's not because I think it's so bad it's good. It's because I actually do think it's an entertaining movie. It's not amazing, but it does its job of being wacky and the post-apocalyptic city is pretty damn well done. I still want a sequel. =P
And back when I saw the Tomb Raider movie, I also liked it. I dunno if it still holds up, but I thought it was pretty good. It was an action movie, pure and simple. Also entertaining. Second one simply sucked (and was boring and absolutely stupid at parts), but I found the first one okay.
There are a few others. I liked (didn't love, but it was... kinda okay) the Prince of Persia movie, I had a pretty good time in the second Resi movie (zombie children are something you don't usually see, they had guts) and there are quite a few others.
...the only video game movie that TRULY did its job, was Ryu Ga Gotoku (Yakuza). It pretty much hit all the bases, and was pure joy for game fans.
Also, the Assassin's Creed movie. Might have been promotional material, but it was [tornado fang]ing awesome. I'm not counting CG/animated flicks.