This guy from St. Louis Today has a pretty good list. I would move Conan higher up and might put Terminator 2 as number 1, but rest are in pretty good order. What do you think?
In a related vein, this guy picks the top action stars. Except for Angelina Jolie and Will Smith, most are pretty old. Hollywood needs to get some new action stars, since Diesel and Johnson haven't been able to make their mark in enough good action movies.
The Governator rocks: Top 10 Arnold Schwarzenegger movies
http://www.stltoday.com/lifestyles/columns/joe-holleman/article_c9aff328-a4a3-11df-8a71-00127992bc8b.html10. Twins (1988) Julius Benedict
9. Conan the Barbarian (1982) Conan
8. Raw Deal (1986) Mark Kaminsky
7. Kindergarten Cop (1990) Det. John Kimble
6. Running Man (1987): Ben Richards
5. Predator (1987) Dutch
4. Total Recall (1990)
3. Terminator II: Judgment Day (1991) The Terminator
2. True Lies (1994) Harry Tasker
1. The Terminator (1984) The Terminator