Ugly, difficult, and broken...
Let's state the good first, since there isn't much of it. I liked the "YO! Joe!" powerup, which has you invincible as the classic theme plays. That was well done. The extra stuff, like the movies and character bios, are also very nice. And...that's about it.
OK, now the bad...Horrible graphics, average sound, broken gameplay, punishing difficulty. Sounds like a recipe for a great game, doesn't it?!
I could have overlooked everything else, because I am a GI Joe fan, but this game is broken. Half of the time, the camera is in a terrible position that completely hinders your view of the action. You end up dying because something off camera is blowing a hole through you. You also die easy, with just 3 life bars. To top it off, there are no checkpoints, so if you lose both of your soldiers...sorry, try again!
I'm actually really disappointed, because this game had promise. And I believe that you can sometimes enjoy a game even if it isn't a great game. I really had fun with Iron Man last year, even though it wasn't great. But GI Joe: the Rise of Cobra is a broken mess. In fact, I think this is the most broken game on the system.