For that literal ten minutes Godzilla was on screen, shit was amazing. Looked great, every slow reveal was great, buildings got blown up, it was the closet thing to Pacific Rim we've had since Pacific Rim. Godzilla was great as the defender of mankind, even though there was no reason as to why and even if the monsters he was fighting were pretty dang boring in comparison to other Godzilla franchise monster.
Problem, as MovieBob said, was that the movie was just so fucking terrible otherwise with the EOD lieutenant and his wife and the cannonfodder army people who are around him. That ten minute scene is almost worth the struggle, but not really.
Overall, nope. Sorry to the guys who wanted a new Godzilla movie, it's only good for the last twenty minutes.