I finally played through that Bionic Commando update, and it really wasn't nearly as awful as everyone made it out to be, but it was definitely mediocre, especially for such an iconic Capcom character. It's weird that they put him in Marvel vs. Capcom 3 when his game was so poorly received.
I think the worst part was the uber-anti-climactic ending. Good Lord. They must have been planning it as a series, but that still doesn't excuse the final boss fight, which consisted of quicktiming a bunch of lackeys, only to defeat the big bad in a God damn pre-rendered cut scene. What the eff.