Iron Earth Staff Forever!
Great game, though I think the Iron Earth Staff may be a bit overpowered. There was no monster that could fight me if I had that baby.
This could set up as a pretty cool thing. You could guarantee yourself any number of flash game submissions through this.
However, I would like to point out that most of the great RPGs had the main character starting out with a Pointed Stick, and he had to fight some kind of blob-like monster. Generally blue. So please go in that direction with it.
And omg 100 HP? What am I, made of diamonds? :P