Bland and crappy.
I don't even know where should I start:
The character sprites had shitty 3D graphics with cheesy animation, the controls were stiff, the attack animation nearly had a 2 second delay, not to mention piss poor collision/hit detection and the characters were badly programmed to move and turn.
"Oh, don't walk backwards facing the opponent, then it would make too much sense."
I also forgot to mention about the button combination for the hadoken is really tight. On second thought, who would throw hadokens in a Mortal Kombat parody game? This ain't Street Fighter. The "3D" Pit stage is also shitty, the heads look really big compared to the character sprites.
In summary:
Graphics: 0/2
Game play: 0/2
Challenge: 1/2
Multi player: n/a
Score system: n/a
Overall: 1/6 = 1+1/6 / 10 = Terrible