It was good. Good and terrible.
This movie just isn't funny (Leslie Jones excepted.) Eddie Murphy mailed it in but he seems happy just cashing checks these days. Arsenio brought nothing except the slight amusement for looking part Golden Girl and part sea monster after his face augmentation. Shari Headley (the worst part about the brilliant original movie) still can't act, hasn't had much practice in the intervening 30 years, and was unceremoniously handed the part of the griping shrew.
The original was one of the best comedies of all time. This is a sanitized empowerment lecture dressed as a comedy. Sadly, it isn't funny and the only attempts at humor are the cameos. Look, it's John Amos! The most surprising part of the movie is that so many of these people are still alive.
I didn't expect it to be close to the original but some effort at humor would have been nice. You can't top Soul Glo and the evisceration of the jheri curl, She's Your Queen to Be, and "You all know him as Joe the policeman from the 'What's Goin' Down' episode of That's My Momma," but some new jokes would have been nice. Eddie Murphy couldn't even bother to get Randy Watson right. Somehow Eddie got confused (or didn't care) and his Randy Watson became Rasputia from Norbit.