As a Godzilla film, it's terrible. Godzilla was created to be a monster with the power equal to that of a nuclear bomb. This was not shown at all on screen, especially given this Godzilla's incredibly benign-looking design and actions through out the film. All of the Godzilla fans, new and stupid or old and still stupid will most likely admit to how much shock that they were in after they saw that Godzilla was killed by missiles in the film.
As a normal film, it's terrible. The characters are terrible, the attempts at humor are terrible, it's just as boring as grass, the slang is atrocious, the CGI is terrible, the plot is terrible, and it uses obnoxious 90's stereotypes throughout the whole thing.