GK, I agree with you wholeheartedly on many points, particularly your one on Punisher being a retread of late 80's/early 90's action movies. More than likely this stems from writer/director Jonathan Hensleigh being in the movie industry for fifteen-plus years churning out action/adventure titles that I'll wager dollars to doughnuts were halfway watchable (with the exception of Armageddon, as Michael Bay never makes good movies) because he was not in charge of the final product. In 2004's Punisher, He makes the action film he's wanted to make since 1990. Too bad no one told him that movies have since then have gotten far less crappy. He thought plastering the Punisher trademark over it would fool people into thinking that any of this material was new or good. Looks like it's back to the drawing board.
The acting was decent: not balls-to-the-wall awful, but by no means high caliber. The performances suited the crap material perfectly, and with the exception of John Travolta and Thomas Jane (who has been in much better movies -- see sig), who seemed to be constantly one-upping each other in the grunting ham department, and did not detract from the knowledgeable viewer noticing the weak screenplay and elementary directing. Though, it didn't help.
I'm glad that nine out of ten some jerkoff's friends who watch only mainstream crap thought this film was good. If not for them, Fantastic Four probably would have tanked at the box office like it should have. "Riveting"? "Intelligent"? Only to those who've never known the true meaning.