I loved this.
As a fan of MegaMan, I truely loved this. The graphics were good, I noticed the little things you put in, like the lighting with the shutter... er, shutting, etc.
Apparently people are complaining that MegaMan shouldn't bleed? MegaMan, although considered a "robot" is more like an "Android." I've always considered MegaMan somewhat "part human" in a sense, and it's very logical for a humanoid robot to be able to bleed. It could be real blood, circulating in his body as a means for a power source, or something blood-like could most possibly be associated into the body.
Also, someone mentioned that the art-style seems more like the "X" series than the original. Actually, the art style looks more like the original series to me. Just because Megaman looks more "manly" in this animation, other than a wimpy, girly 6 year old as portrayed by the horrible voice acting in MegaMan8, doesn't mean that Megaman could look somewhat decent and a bit tougher. In fact, the Megaman cartoon from way-back-when looks similar to the style El-cid created, and looks a bit more "realistic" than cartoony. I personally think El-cid was able to keep the "original" look of Megaman intact, rather than going towards X's look. (Which if you don't know, "X" looks a lot cooler.)
Anyway, keep up the good work!