A solid Wolverine solo story spoiled by a stupid ending. By taking Wolvie out of his element and into modern Japan the movie starts strongly with some interesting scenarios and some pretty exciting action (if a bit tidy even by PG-13 standards). After a slow but tolerable second act, though, the movie implodes in a mess of Hollywood excess and stupidity, including an incredibly misguided take on a classic villain, a ridiculous villainess, some awkward copycat scenes of movies ranging from The Matrix to The Lord of the Rings, and about three inexplicable and unnecessary story turns too many.
Altogether it's still far more watchable than the first Wolverine movie but could have been so much better. The Blu-ray release reportedly will offer an unrated edit; I'd recommend waiting to see if that version at least has a little more bite.
I might post some spoiler-tagged discussion later as there are some issues in the third act I felt could have so easily been avoided. As an X-Men fan I'm more disappointed than usual with this one because it started with so much promise.
It was nice seeing some familiar Tokyo locales though.