Wow.
I've heard about that film but I never realized how unsubtle it truly was. It must have been given the permission of EON to be done, as it even has the theme playing at one point. Too bad its in French as it would probably be interesting to watch to just see how off the wall it is, but I don't think I can watch a dub for that long.
I did like their design of the gunbarrel, however.