I watched it when it first came out. I really couldnt get into it regardless of the name. It had nothing to do with the Mario Bros I knew ... same with the first Final Fantasy movie.
With that being said, I do like owning vg movies no matter how horrible they are and I will eventually pick this one up. If an anniversary version is released, I may get it too just to put it with the rest.
And since vg moves are being mentioned, I think the Cloak and Dagger movie was actually pretty cool.