Half the fun is customization and creating your own characters.
If I sprited your favorite anime characters, would you like it then?
Edit:
http://otakuworld.info/ 
At one point I was making a soley FF roster. Never got really far, but maybe I'll do Cloud and Squall sprites sometime.
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The main intrigue is just seeing who wins. I watched a battle between Zero and pikachu on youtube, for example.
So Kagom, did you ever get into it all that much? It would be fun to make a zelaron M.U.G.E.N. Roster, what with MJ's black jesus powers and all.
Maybe you could morph into something furry?
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