Missing quite a few things.
The tracing was well done, if a little obvious, but at least it was still animated rather well. The sound clips were of passable quality, as were the music clips. However, it really didn't make a lot of sense. And the biggest flaw is that there's no play button/replay button.
In short, while there is some visible effort, there isn't quite enough to warrant more than a 2 in my book.