The acting is never great and some 25 years later the level of martial arts displayed seems dated and is nothing compared to that of people like Jet Li. The story is simple and the characters are not well developed. Yet despite all these disadvantages, The Last Dragon is tremendously entertaining and tells an important tale replicated much later in Kung Fu Panda, among other movies: that you do not have to look outside yourself for a true master. The movie unabashedly admires Bruce Lee (Leroy teaches his kung fu class in the yellow jump suit made famous by Bruce Lee in Game of Death and is given a medallion 'owned by Bruce Lee' at the commencement of his quest for mastery...and there are other references too) and is in love with East Asian culture (with a strange mix of a Japanese sensei who admires Bruce Lee, Chinese fortune cookies and Taimak appearing as a ninja at one point). This confusing mix always delivers the goods though and the story is well-paced and highly entertaining.
The movie has an excellent sound track and includes an early appearance by Ernie Reyes Jr. as well as a small part for a very young looking William H. Macy.