Some parts good, some...not so much
First and foremost, contrary to what people on here say, parodies are not in any way inferior to original titles. It's a creative choice, and when done right, a parody can be just as enthralling as something set in a brand new world. Also, the belief that a parody leeches off the source material, absorbing its bright, warm energy is also retarded. When books are written to parody the world, therefore inspiring change for the better, no one assumes that they are leeching off history. Is this really all that different with videogames?
However, this movie is simply not as funny as your previous content. It's not a bad movie - nice graphics, better animation, and fairly fine voice acting make it good. However, the writing keeps it from being great. There's no epic scale like in your LOTR movies, and no everyday relations like in your A and K movies. It was entertaining, but at this point, I think you're aiming (or should be aiming) at something more.