Let's get the obvious out of the way - YES, it's like Stranglehold, YES it's like Max Payne, and YES, it has a femal lead character like Tomb Raider.
While originality may not be the strongest point of the game (it's derived from 70's action-revenge exploitation films, and plays in 3rd person, featurring time slowdown), the game is exceptionally well done, and very good fun to play through once or twice.
Graphically speaking, the game could be better, but these games featurring multi-platform releases with little time for optimisation can sometimes leave the player wanting; that said, the effects are excellent, the game uses the havok engine for physics and flying objects, the different modes use different effects (try the RAGE mode). Honestly, this is the last thing you focus on anyhow.
The soundtrack is quite excellent (I'm a fan of the genres used), featurring Rockabilly, Rock, Metal, Country and 70's inspired exploitative music.
The controls and feel of the game are great; the game features a "film effect", and is made in the style of a movie being made (with film burn, missing reels, interludes, etc). The controls feel almost perfect (forsaking a few misses here and there, especially in close quarters).
Frankly, there's not a great deal of play modes, there's nothing new introduced, but the game has a large amount of time trials, collectibles, etc.
It's definitely worth buying, and a great piece of entertainment with awesome humour, but make sure you've got other games too, the depth isn't comparable to some other titles. A guilty pleasure, but one-dimensional romp.