Kung Fu is one of the few genres of cinema I like besides spaghettis.
But I only like the early ones from the 70's, Hong Kong productions with Bruce Lee of course, and Jimmy Wang Yu, Lo Lieh and some others.
Some Japanese ones are also pretty good.
I don't like the newer ones, 80's and upwards, they just don't have the same atmosphere at all.
And if they tried to make spaghettis nowadays it would be the same thing, not the right atmosphere!
However I do like the Steven Seagal martial arts-films from the late 80's/early 90's, they're really great, and incredibly violent ;D
Sadly Steven Seagal has only made crap films for the last ten years, so I don't think we'll be seeing any more good stuff from him, too bad :-\