I watched this after reading some good reviews from other sites including amazon. Have seen Ip Man and thought it was amazing so I might be biased so take this review with a pinch of salt.
I honestly thought the first half including Ip Mans growth was great. The crushes etc left me cold but was good to see other aspects of his life that weren't shown in Ip Man.
The second, possibly and probably last third just seemed like any straight to DVD movie. A bad guy and woman, a lady in distress and even for Bloodsport and Double Impact fans, one scene where he can't see which brought up memories of both the above films.
If you haven't seen Ip Man then this is OK but it feels like they just chucked in some Hollywood ending in and thought that would be OK.