Well, it is bland and blatant 80s pop culture pandering with nothing real to contribute on its own. I'm amazed that Spielberg was involved, because it's way below him.
He's practically the only one who could do it, having enough influence to get the plethora of intellectual property required to make the movie work. You just can't make an 80s nostalgia trip work without a director everyone can trust their franchise characters/content to - and I do mean everyone.
This feat is hailed as the major accomplishment of the movie. It's leagues above the average Hollywood action movie in regard to breaking 'new' (old) ground.