good for first ~ cute
It intrigued me, you character designs were generally cute, the animation could have been a bit smoother, and a little more realism could have been thrown into the background drawings and such, instead of black outlines on every graphic//..
the actual storyline was interesting, but sometimes the pace wasnt very good, such as at the beginning with the blonde one dying(it was too slow). the whole bit with the banshee being the fairy girl's mother was kinda weird, and a little overdone. I really like the premise of your setting, the whole "etherworld" thing makes me want to know more, but it would be nice to have some better animations to match the whole 'mystique' of it all :)
Overall, great job! & i would like to know, where did you get all of those sound effects?