Masters of the Universe was the hottest property of the 1980s, and somehow Mattel managed to squander everything it touched outside of the original toys and animated series. Sadly, there has never been a good He-Man game, and there probably never will be.
It should sadden you that there will never be a good Masters of the Universe game.
Masters of the Universe: The Power of He-Man was released for the Intellivison and Atari 2600 in 1983. Given that He-Man was a huge thing for Mattel, it was only a matter of time before he got his own video game. However, the game generally reflected the low budget productions of just about anything He-Man related, and was not very good.