Who would have thought that Keanu's power animal was a dolphin? This one has a bit of everything, except a plausible plot, characters, continuity, tension. As such it is fine except where it obviously fails to match grasp and reach; it is something of a dry run for The Matrix. Lundgren hams it up well as the preacher, but Rollins is only convincing when aggressive. Keanu markedly improves in his next few movies after this one.
The animation is Tron-ish. Gibson's work is debased as he is usually focussed on the immediate, the local: his characters don't save the world. Also there was a lack of sexual deviancy, a central theme of cyberpunk. It could have been worse, but it could also have been a lot more than just a quest.
Those with sharp eyes will spot a frequency counter (or something) with nixie tubes in one of the climactic scenes.