Potential, for sure.
The graphics seemed medium too me (yes, I was on high). Some things you could improve on would include timing with that bar (in the beginning it seemed off a few times. Other than that, it was good), the flipping of Slick (where he does those backflip type things in a loop;Slick seemed too rotatey to be normal. Sorta like he was in a wheel and that was turning him), and the animation used while they were sending those energy blasts. Other than that, I enjoyed the actual fighting, with things seen and unseen before. Those that were seen were made different than the classic (Hammer, Energy Blasts, Energy Shields, Disc), which made it more enjoyable to watch.
As for my ratings, I give..
Graphics: 7
Animation: 8
Storyline: 7
Overall Effect: 8
Synchronization: 9
Overall it goes to 7.8, so I rounded to 8. It'll receive a four on the meter. Keep it up.