I'm watching Iron Fist mainly because I'm a fan of Marvel, and enjoyed Daredevil, Jessica Jones, and Luke Cage. Iron Fist is what I'd consider the let-down of the four, and it seems to come to a head in this episode.
The atmosphere is rudimentary, the script is pedestrian, and the acting is appalling. Antagonist "Bakuto" only expresses gravitas and authority in shouting and glowering, Davos and Colleen are as two-dimensional as cut- out stock characters, Meacham as bad guy is bordering on camp, and the Iron Fist himself behaves like a spoilt emo trust fund brat who's suffering an ongoing dissociative and obsessive-compulsive episode.
I give this three stars: one, out of Marvel loyalty; the second, for the actress playing Joy Meacham, who at least performs like she's a professional and not in some am-dram production; and the third for Rosario Dawson, who lifts the episode out of the muck (well it's still in the muck - just not as deep), and who can convey more feeling, depth, and insight in an instant's single raised eyebrow than most of the cast can in 45 minutes.