Being a Looney Tunes fan, what do you think of Space Jam as a movie, given that many of us loved it as a kids and then grew up and realized how much product placement and weak humour was in this film?

I haven't seen Space Jam in 14 years, so I don't know what should I think of it. I remember bits and pieces from it, but the most solid thing I remember from it is that I liked the theme song as a kid.