It was made in the wrong decade. It's very much a toned down esthetic heavy middle 90s science-fiction romp with an Oliver Stone ensemble cast. It's very retro-distopian-science-fiction with a low budget that relies on the look to make the film.
That being said, it's not bad. In all honesty, it's actually pretty entertaining if you walk into it expecting only what it promises to be, a quasi-indie film that's made to entertain and nothing more.
The premise is fun. There is talent in the cast (and more notable celebrities than there should be). It looks cool. The action is a ride. The dialogue is hip. And the characters are developed only just enough to advance you through the film.
And, in the end, you walk away satisfied and entertained, so, really, it delivers exactly what it promises to.