The wife and I loved it, kids were at the edge of their seats the entire time and have been playing with Mario stuff ever since.
I honestly think it’s depressing how much you need to downplay just straight up giving the audience what they wanted (the hero struggling, an emotional center, character moments, kinetic and clear action sequences, explosions, characters actually fighting with cartoony violence, real jokes, great voice acting, not too much cringe, no over-explaining the world, fun over realism, no subverted expectations, no anachronistic writing, no self-inserts, no Mary Sues, no tearing down childhood heroes, no flossing, the main heroes overcoming and delivering a brutal beat-down at the end…), the references were fun, but a pretty small part of what really makes the movie enjoyable.