I saw it when it hit video, so probably around 6 months later. I don't have any particularly strong memories, but that trailer has sparked the memory a bit. Back in the day I thought it was a decent dystopian sci-fi, but I was unfamiliar with the franchise, so it was just another action sci-fi movie.
I'll be interested to hear your thoughts. (Also, when did 1995 become "old classic" territory?)
This is still one of my go-to films. The action is solid, Stallone is in full 90s action hero mode, and the world is cyberpunkish without being really nasty and depressing. It's much more like the DC Judge Dredd run than the original 2000 AD where Dredd originated. Stallone's Dredd is a well-rounded character whose dedication to the law is based on his certainty of an absolute right. If the movie could be summed up, it would be here, "You will be alone when you swear to uphold the law."
It's really nothing like the recent Dredd 3D, which is much more graphic and violent but which I thought traded story substance for scripted cleverness. If Dredd 3D appealed to you, you should also check out The Raid: Redemption, an Indonesian film that preceded Dredd but which is virtually identical. Dredd just filed off the serial numbers and made the same film in a sci-fi version.