Even Busta Rhymes actually fits the bill. It's not just a rapper in costume, he actually has something to do. Mr. Fingaz (from Onyx fame, if anybody remembers) is not as good, but holds his own. Of course you also get "real" actors in it. One of them being Berenger. And while he is bloated (weight wise), he still has some charisma left to hold and star in a movie.
Don't get me wrong this isn't great by far, but it is really entertaining with some nice action scenes and a story that might be trying too hard, but still has some punches left. Armand Assante is almost theatrical (especially towards the end), but he works too. If you like these sort of movies, you might be enticed to watch it