Great artwork, lousy game play.
Speaking of storyline, they all seem pretty generic, short and left with, "WTF, that's it?". Then again, many fighting games don't give you a solid storyline anyways. I just suspected the direction the game was going you get more story out of it.
The positive thing about this game is that I like the health gauge acting like an HP meter you see in many RPG games and the artwork of the game. Though the 3D backgrounds are falling a bit. I see this game more being a PS2 game than a 360/PS3 game.
The game isn't a total waste but not for $40, see it more of a $20 or less game. Rent it if you can, if not pass.