Good concept....
but poor execution. The fight scene is incredibly short as far as my expectations go for any "Character 1 vs. Character 2" movie, the graphics are a bit pixelated and blurry on Megaman though I could have forgiven that if the rest of the movie were better. The endings suck, plain and simple, I won't even bother trying to elaborate that, they just suck. You say that part of the movie is tributed to 8-Bit Theater, if that really were the case, Black Mage would have used offensive magic, and the Hadoken, that's more or less a staple technique for him anymore. Like I said, it's a good idea, but crappy execution.