The "why" is obvious - the first one was a hit, and understandably so. Good action, decent story, strong cast. Everything a good HK movie needs.
Then along comes "Gen-Y Cops" (or one of its other names - Metal Mayhem or such). Here you have some of the cast (no Nic Tse?) from the first movie trying to stop a Transformers reject from shooting people. Why were there robots to begin with in this movie? For the most part, robots in movies haven't even been cool since 1988. On top of that, you have Match and Alien from Gen-X cops walking around talking street jive. "What's-up-my-man?" Plus, there's Edison - or as I call him "The Asian Marky Mark", because really, after watching him, you feel like he should have said "Feel the vibration!" He has the look... the Funky Bunch look.
Paul Rudd, well, I dunno. He's just there, being an Angry American Government Agency Guy (A.A.G.A.G.) who becomes a friend over the course of.3 seconds. There's a story of Edison's old friend being the one who made/sabotaged the robot and made it kill, but does it matter? Does it really matter?
Nope.
So really, all we're left with here, is Stephen Fung, Sam Lee, and the Asian Marky Mark having to fight Megatron while Paul Rudd struggles to keep up. Oh, that and they speak English for a good portion of the movie - which they do considerably well, if you overlook how obnoxious it is. By that, I mean you hear "WHOOOOOOAAAA, MAAAAAN!" every 15 to 45 seconds, usually Alien (Sam Lee)'s fault.
In my opinion, the only redeeming quality this movie had was the music it played on the DVD menu. Other than that, there's really not much to it. Stick with Gen-X Cops. That's all you need.