It's ok, it's better than Sorbo's Kull film and frankly there's far too few of this type of movie out there for me to exclude it totally. However, its principal failing is that it is boring. It's devoid of excitement, tension, peril and stakes.
Instead, we get like an extended scene with Conan and a thief companion entering the villain's fortress, only to find that the villain and his entourage have left the fortress already. Which, not coincidentally also happens in Pathfinder, also by the same director, as we greeted with a long 'chase' scene in a cave which doesn't really go anywhere.
Worse, when the villain does succeed at the end, he doesn't really become any more powerful and is defeated by Conan even whilst being supposedly 'all powerful', leaving you with the feeling that the entire film is pretty pointless.
"Hah! That's turned you white, hasn't it? That's frightened you, you lily-livered, caramel-kidneyed, custard-coloured cad? Not so brilliant now, are you, eh? eh?"