I've never been a big fan of superhero comics, but I still try to keep an open mind about them. I have read very little but still enough about Nick Fury, and I must say that they could have made a worse choice then to let Hasslehoff play the title role. If you haven't read any of the comics you will miss out on some of the stuff in the movie, but considering it is mainly one-liners to empathize how bad of an ass Fury is it's not much. The dialog feels pretty tame, as if the script writers were on a very limited time and had to come up with something quick. But the actors does a good job to take it all serious, can't blame the actors for a bad script. There are, of course, plot holes or just unrealistic stupidity with the plot. I think most people want more from a villain then just "Oh I'm going to terrorize the world with my global terrorist organization because I am evil! Did I also mention terrorism?" which is all background story we are handed over about the bad guys in this movie.
However, I would like to point out that Sandra Hess as the crazy evil lady villain is damn sexy and should have gone for a career of fascist sexploitation films instead, and watching this movie is worth it for her alone.