Okay, now even I found the "time up" thing a problem. It's Draw Game when your health is more than the opponent, but it's You Lose if the opponent has more health. If that's intended for more difficulty, I can understand(?)
But leave that aside, the game really rocks! Once I run the game, I got so addicted that I left all my current programs running in the cold. I even had to force myself to pause the game to reply on this XD
The game pretty much resembles Guilty Gear. I'd say this is your choice if you prefer traditional fighters. An alternate to SSK perhaps?