This, not another beat'em up comes close to Capcom's masterpiece, the variety of weapons is outstanding, there are knives, gaspipes, baseball bats, hammers, Uzi's, M16's, chairs, desks ,tires, lances, axes, flowerpots, shurikens, explosive heads and much more, the same with moves: after grabing enemy u can jump'n'throw him, punch him, punch, stab him, do the 'fan' special move... even environment is highly destroyable, controls are fluent and precise, just so FUKKIN PERFECT and the game is really fair - easy to play, hard to master. It's possible to finish game on 1coin-challenge and that's the proper way the Punisher should be played.
Cadillacs'n'Dinosaurs is easily the second best b.e.u, far from P. quality but at least much longer.
Mortal Kombat Mythologies: Sub-Zero is forgotten mix of early MK and Prince of Persia games (with a little RPG touch, you gain exp. for killing people and doing combos, there's even C&C), IMHO one of the most underrated PSX / N64 titles, PS port is better coz of cutscenes with bad (so-bad-it's-avesum) voice-acting
Die Hard Arcade (Saturn / MAME), too short and ugly but extremely dynamic and satysfying, exluding QTE's (yes, in '96!). BTW it's only good game of the whole franchise :/
God Hand on PS2 (need more to say?)
Instead of mentiong tons of japanese stuff worth playing I'd rather recommend two pretty cool potato products:
Franko: The Crazy Revenge, cool setting (the beginning of capitalism in Poland), bloody and gory, with such bad ass enemies like hookers, hool's, commie-cops, Hitler (!), punk rock exhibionists, skates, metalheads etc. LOTS OF FUN but only with glorios PC port. The Amiga one has crippled one-button controls (fuck this retarded joystick enslavement of Amiga users since the dawn of time) and strange colour palette which makes mobs look like they have a jaundice.
Doman: Grzechy Ardana (Doman: Sins of the Ardan) - Franko's spiritual successor, not as gut as his old pro but still enjoyable, Amiga exlusive. Coolest feature? U can decapitate people with sword, sweeeeet.