Yes, but when cheesy is cool (see: Conan, Terminators 1&2, Predator, Total Recall, The Running Man, heck even Twins and True Lies), then it isn't really that cheesy - confusing, but you know what I'm saying. I think it all started to slowly go down hill around Last Action Hero, Jingle All the Way, Kindergarton Cop, Eraser (watcheable, but not the greatest), etc.
Geez i guess people are excited about the movie. You know i heard that the last 15 min. in the 3rd movie took about 3 months to film Amazing.