Hmmm, a bit simple I feel.

- The sprite is purely a texture with an outline, and is a very simple paint "technique". It doesn't look too good.
- The blood, is it a blur of the background? Or is it actual blood? If blood, it matches the background, which isn't good, if its a blur of the background, well I don't think its such a good idea.
- Text in the lifebars, white for a start, and not a good font choice, and small.
- Cage's lifebar, while full, the colour that fills it is too bright. There is a specific texture for the lifebars.
- This is small, but the wins text to the right needs to be moved a couple of pixels further right, lol, just so it matches the lifebar.
- Win tokens, as you said, are a tad odd .

- No shadows, they would help this pic a little.

Good things:
+ The lifebars aren't too bad I guess, just fix the texts, the colour in Cage's and the outline on the win tokens.

The pic isn't so great really.
Be creative with the fatalities, and think about everything. Visit the thread by ]ombat at the top of this forum, there are some tips to help you with fakes. Here is the link if you want to go straight to it, here.

Okay...

The character's name is stupid. The character looks stupid, and the fatality is, well... stupid. The font in the health bars is ugly.
Well boo hoo, another skull rating. My feelings have been scarred.

Hmmmm...

This could use some work. I think that the character could have some more detail...well alot more detail. The blurryness above cages body would have been nice If cage's head was in the proper position....like behind the blurr. Some stage edits would be nice as well.

Just spend some more time on it.

Ok, well I'm not particularly liking this one... The sprite isn't good at all, sorry. Like said above, its only a texture with an outline. No features at all can be seen on the sprite, some distinction of the frame of the sprite would have been much better.

Text isn't a good choice, its difficult to see what it actually says, as the 'A's and 'O's seem to almost look like one another. You know about the win tokens... but they are simple to fix. The blood that is there, doesn't seem right. Due to the lack of details in the sprite, I cant tell if he's smashing Cage's head in, or knocking it off. I assume Cage's head is supposed to be down in him now, its sort of a unoriginal idea, and the original idea of the fatality wasn't good in the first place. No shadows, or dimming, which could have helped the sprite you made. Also, Cage's sprite seems to look like he's dancing, not getting his head pounded in.

Overall, its not good, but my suggestion would be to work more on that sprite. It looks like just a blob of color in a human shape, try adding some sort of details to it. And of course read over the thread at the top of this forum, its very useful.

This is cool, and very original!
I like the effect filling up the new character's sprite.
The fatality is original, it's nice use of effects.

This is a good job, though I feel you have much more potential.
keep up the good work.