Looking excellent
3 faults.
1- the voices seem to stop at the end - there's no voice for the old guy and it seems like the speech at the end should be whispered...
2- the tear wasn't up to the standard set by the rest of the animation.
3- the blood wasn't that great. Maybe you should use a 'spray' effect rather than use painted lines? You can change the line style to get a sort of spray effect although that's probably not the best way to do it.
All in all, the actual drawings are great and everything looks brilliant apart from the tear and the blood.
The sound is top-notch - the voices that are there are well acted and well recorded and the music's also pretty decent.
Some of the stuff seems interesting but not fully realised. (The background and the rivalry could have been expanded upon.)
However, the script is pretty good and I'd really like to see any future installements.
The biggest complaint I have is the length. I'd really like to see this become a full-fledged series.
Looking forward to the next episode. :)