So, time for the good, the bad, and the ugly.
The Good: The film did a pretty good job of building on the idea of how finely honed the people in these programs are. The intial flashes of Cross do "at work" show how far the current line of operators are capable of pushing themselves. I won't spoil anything, but superhuman is pretty accurate when it comes to some of what they do. Most of the action scenes do justice to the previous films in terms of hand-to-hand and weapon-aided badassery. The soldiers are also developed in a way that makes them their own cast of operators. You can see the isolation and distrust that have become a part of their lives, though they are not the distant, cold hitters of the first three films. The movie also goes much more into the fallout from the documents that Landey released.
The Bad: Though it was interesting to add to the political angle of things with this film there was too much of it. The feel was that there is one long, never-ending conspiracy. I understand that part of this is to leave the pathway for further films, but the cloak & dagger angle had miles of cloak and not enough dagger in the end. It was also much harder to become a part of the story. With Jason Bourne you were locked into the question of first how he ended up in the ocean, then through the next two films how he had become Bourne and what happened in the time between, as well as what those running Treadstone had involved him in. There just wasn't enough development of Cross for you to feel connected to him in the same way. He certainly is his own person though and I like that this series of operatives are not quite the same hardened, sociopathic killers from the trilogy. The other people in Cross' program could have received a little more fleshing out as well, even if they were minor characters.
The Ugly: Clarity; the film was just too buttery smooth. I know a number of people complained about the shakey camera work in the trilogy but it really added to the idea of Bourne's disorientation. I think the film should have taken a cue from Syriana or Traffic in terms of cinematography to be more immersive. It wasn't really ugly, but I needed to finish out the list I started =p
It was worth the ticket but if they continue the series I hope that they draw more from the feel of the first films. They also have to up the ante because honestly I never felt there was a single situation that was beyond Cross to escape. No doubt after seeing what Bourne could do almost nothing seems impossible and contending mostly with police and security guards isn't getting it done.