Not bad
I don't know what everyones problem was, this isn't the latest 360 fighter or some HD crap on Ps3. You said it's still in beta, so I'd suggest making a few more character models,even if it's only a deformation of your current ones (assuming 3d import?). Add a few more move sets and animations as well. Other then that the visuals look fine, it runs very very smooth and overall you're headed in the right direction IMO.