I believe Jet Li to be a terrific martial artist. However, I thought this movie was probably the worst I have seen him do. Legend of Red Dragon is about a man whose family was murdered by people related to the government, because he was a bandit. His friend ratted out on him for money and it ended in a fight to the death for the friend. Little did Jet Li's character know that the man would come back as an evil creature on revenge. The only survivor was his own son, and now the two team journey on their own. Eight years after the tragic event, their past comes back to them.
On a side story, five little Shaolin monk children were tattooed a piece of a map that would lead to a valuable item: The Red Dragon. The "Friend" from eight years ago and the government team together to find the kids and get the map. As they try to get children, they stumble upon the father and son. Now them and the five children, along with a few other characters try to put a stop to the government from getting a hold of the Red Dragon.
What makes this a disappointment was how it was directed, as well as the storyline. You were able to see strings from most of the flying scenes, you could tell that most of the scenes were taken in a studio. Secondly, the Red Dragon was never found and it pretty much died out when Jet Li's character had a bounty on his head. Personally, I think it could have been better. Stick with the storyline, and work on the strings.