Great stunts, poor movie.
I was disgusted by the poor narrative of this movie. Yeah, it's great to see Jacky going all Old Skool (shirt off, pose-down fu, pole fighting, etc.) but I defy anyone to say that this movie had good storytelling.
SPOILERS - The plot just jumps around leisurely. Jacky starts out being a juvenile moron who acts impulsively. Then, without any warning, he becomes an angry badass in the last 15 minutes. Where was the character development? Oooooh - his dad makes him write on fans and water plants and suddenly he's ready to be a champion of the Chinese people?
The worst was that he finally defeats the king baddie (who doesn't even get what he deserves, considering that there were lesser Axe Gang guys who had broken slivers in their faces and were flung out windows) and the movie completely ends with an epilogue that doesn't even include Fei Hung!