It's a ripoff, but Nintendo doesn't make Smash Bros games often enough, so a competitor with an all new lineup isn't a bad idea at all.
The kill system sounds convoluted and unbalanced. If they're trying to avoid the Smash Bros ring out mechanic, why not just do a basic life bar? It worked adequately in the Power Stone games for a 4 person fight, so why not do that instead of making all your gameplay revolve around hitting with a handful of special attacks which are sure to be painfully unbalanced?
The kill system sounds convoluted and unbalanced. If they're trying to avoid the Smash Bros ring out mechanic, why not just do a basic life bar? It worked adequately in the Power Stone games for a 4 person fight, so why not do that instead of making all your gameplay revolve around hitting with a handful of special attacks which are sure to be painfully unbalanced?