Yes, that too.
The director's cut isn't terrible, it's just average for me. The theatrical is abysmal. I can see that Mark Steven Johnson's heart was in the right place - he really seemed to have a love for the source material and tried to honour it, but he just isn't a good writer. The screenplay is riddled with cliches, the dialogue is clunky and the tone is just wrong. It tries too hard to have 'cool' moments for 13-year-old boys rather than going for something more resonant.
I do agree it's a little too derided for what it is, but on the other hand what it is isn't that good. There are parts that work well for me...costume design is great, the visuals are actually quite nice. The score is great. The origin is done pretty well.
But the romance is mishandled. Bullseye is played as completely camp. Jennifer Garner was miscast.
I think some of the actors should share the blame, but not completely. They are all decent actors in their own right - something went wrong with the way they were directed.
Also, in those dramatic scenes, the dialogue is incredibly cliche. "I'm not the bad guy kid". I remember cringing the first time I heard that. It's hard to deliver a great performance when you are saying lines like that.