Dead or Alive. It is a completely shallow look alike of the Mortal Combat series (And I am guessing it is also based on a game).

Admittedly it features some pretty women in skimpy outfits, but it also features:
- Bad acting
- Bad fighting scenes
- A hastily slapped together story line...

It reminded me of shows like baywatch where the creators try to get away with casting a bunch of uber sexy people and not much else.