I avoided Mortal Kombat: Annihilation mainly because the same characters were there, but not all of the same actors. Lambert had been replaced, and I didn't think that whoever the new guy was could've come close to how I liked Rayden -- basically a trickster god with a heart.
Now there's going to be a third movie -- Mortal Kombat: Domination, due out sometime in '04. The original actors for Liu Kang, Kitana, Johnny Cage, and Rayden will be back. *cheers* I don't care if this movie ends up being direct-to-video, I'm going to see it.
Update: Nope, not gonna see Annihilation unless someone pays me. I'll stick with the original.