Na, unfortunately the fact that she is half naked and there's pantie shots all over the place takes away from it. There's just too much teenage fanboy cringe to enjoy the fight. The only truely magical part is when she drop kicks his face into the wall at the end. God damn.
I showed the movie to my VERY feminist friend, who often rolls her eyes as gratuitous, pointless fanservice... and she was more than okay with the whole thing and her explanation why made a lot of sense to me.
SO many fighting game anime adaptations had gratuitous, legitimately pointless shower scenes that served absolutely no purpose: Battle Arena Toshinden, Fatal Fury, Tekken, etc. They were just "there" with the hot girl without her clothes exclusively and entirely for the fanservice, halting the story, pacing, and even tone of the movies to shoehorn the scene in.
But Street Fighter II, she reasoned, served an actual point, because it was showcasing Chun-li just prior to an attempted assassination, at her most vulnerable and exposed (literally and figuratively). It wasn't just "there" and the scene isn't just titillating; it's a CREEPY scene, one spliced in with footage of a murderous psychopath breaking into her home, violating her security and privacy, and spying on her like a hunter stalking his prey. It's very similar to a certain very famous horror scene:
And it's paced like a Hitchcock thriller too. The scene isn't just there and over with... it's slow and drawn out. It builds. The POV of the killer slowly creeping from room to room. The scene of Guile trying to contact her but getting no response. Shots of her assailant getting into position, finding the perfect moment and angle to strike... Everything is building towards a horrific and untimely end for our heroine, following the thriller tropes perfectly as the vulnerable and beautiful girl is entirely unaware of the blade-wielding psychopath peaking in on her in the shower and hiding in her very bedroom. He is, by most definitions, a masked slasher villain getting ready to pick off the girl in the bedroom, a cliche that was incredibly predictable and well-worn already.
And that's what my friend (and I) love about the scene so much. It averts the trope HARD. Rather than a quick and clean kill, the prey demonstrates herself to be MORE than capable of viciously fighting back on even footing. No running away. No chase sequence. Guile actually becomes the "male hero" who hears she's in trouble and races to "save" her, but in the actual encounter, she is spilling blood for blood and making every hit an eye for an eye.
While Vega starts off the fight every bit the indestructible masked serial killer (initially shrugging off attacks and laughing at her attempts to strike back), his unshakable bravado starts to crumble the longer the fight goes on, the harder he has to work for every hit, how her blows start wearing him down, how she begins to get under his skin and not just out-fight him but also out-think him and he soon finds himself a few steps behind her. We see the gradual loss of his advantage and control.
When she was in the shower and in the bedroom, all the cards where in his hands. He had all the advantage. He had all the power (even, if you wish to read into it, the power of "male gaze" to look at Chun-li from his POV as "just fanservice" to ogle and savor before the kill). By the end of the fight, he's been stripped of his power and advantage. Even with everything supposedly in his favor, he gets absolutely wrecked.
And all that build-up, all that dehumanizing and predator-esque behavior prior to it (calling her just a "cute little bunny" sums up his opinion of her, I think), made Chun-li's ultimate victory not just the ending of one of the best fights in movie history - animated or otherwise - but a very dramatic climax to a supremely well-paced, well-shot power-play between the two individuals that played into, and then defied, the tropes it exploited and deconstructed.
It's cathartic in a way few fights and finales are.