It was alright.
Very much a "Netflix movie" in that it feels like a big budget tv movie and not what you'd get in a theatrical release. Very by-the-numbers and a lot of "playing the hits". Eddie Murphy is too fat and old to do anything physical but he puts in legitimate effort trying to recapture the Axel Foley persona. Returning cast are mainly cameo status, with Taggart getting the most of the screentime but they're all good despite being old as fuck. Paul Reiser was so old I didn't even recognize it was him at first (And the movie even takes a moment to shit on how poorly he aged too). Was also nice they went with a synth soundtrack; a lot of it is re-used from 1+2 but there's some new stuff as well.
Worst aspect is Axel's daughter. She's not some woke bullshit or anything, just the classic 90s "strong independent business woman" and they do the estranged father and daughter deal where she''s a total bitch to him for not being there but then then they learn to give each other a second chance. You've seen the routine a million times. The action is mostly weak as well. As mentioned Eddie can't really do anything and they don't have the money to do crazy chases on the level of the originals, so it's very basic chase scenes with Joseph Gordon-Levitt on stand-by in case something physical is required. Luckily Eddie doing his thing is the main appeal and you get plenty of that.
As long as you go in with the expectations of a straight to video movie that's mainly a harmless trip down memory lane, you should be fine. Better than 3 in that you don't hate your life while watching it and it's light years ahead of that trash Coming to America 2.