[QUOTE=control-z]
Lots of good ideas here. Still too much plot in a lot of them. 
Fifth Element, True Lies, Terminator 2, Raiders of the Lost Ark are longtime favorites of mine.
Added to my movie to get list are Shoot Em Up, The Rundown, Bourne Supremacy, The Last Boy Scout
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If you liked Lethal Weapon and end up liking The Last Boy Scout, also get The Long Kiss Goodnight. It’s another awesome action movie with plenty of humor, from the same screenwriter, Shane Black. It stars Geena Davis (who is smokin’ hot), Samuel L. Jackson (playing one of his earlier badass characters), and the always-reliable Brian Cox.
Shane Black also wrote the excellent Kiss Kiss, Bang Bang, but that’s more of a tribute/deconstruction of film noir and buddy movies than action movies. Might not be what you’re looking for here, but I highly recommend it as well.
control-z, I actually found *The Bourne Supremacy * boring and slow-paced, but that was the middle chapter. The first and third movies, The Bourne Identity and The Bourne Ultimatum, are both a lot better-paced, with a lot more action.
I cannot recommend John Woo’s The Killer and Hard Boiled highly enough, and Woo’s first American movie, *Hard Target * (yes, with Van Damme), is also well worth seeing if you’re an action movie buff. It’s set in New Orleans (and the outlying Louisiana bayous), with Lance Hendricksen and Arnold Vosloo playing evil hunters who hunt homeless Vietnam veterans for fun and sport. Van Damme has a mullet and kicks all kinds of ass, and so does Wilford Brimley as his drunken Cajun uncle.
For all its impossible plot devices, Woo’s *Face/Off * (with John Travolta, Nicholas Cage, and the always-sexy Gina Gershon) is a nonstop thrill ride of an action movie as well. It doesn’t seem to be a favorite around here, but I enjoyed the hell out of it.