The cool shit is this is made by someone from the tournament community who just wants to make a fun game that everyone can enjoy. He actively listens and reads what features the community would like to see (like GGPO) and tries to implement the best ideas he can. The game should have some amazing features when it's done.
The art is definitely pretty neat. All the shaders and things Mike Z employs gives the lighting a very realistic feel to it. Add to the fact that his crew can update the game easily on the fly, that will make patching things a snap if need be. Definitely worth a look for anybody as it should be really fun