In case any of you didn't know, the next Project M demo should be released within the next few weeks (according to a PMBR member). A 'great deal' of improvements have been made since the last demo. Such as a larger character base (while the first demo had merely twelve to choose from), plenty of gameplay enhancements, and much more, I'm sure.
Now, I'm by no means an expert on this stuff, but if you're somehow intrigued by this, let me know and I'll see what I can do (as far as 'info' goes). That being said, check out this video, it should clarify what I'm saying:
Ryoko(Sheik) vs Magus(Ike) - (1-2-3-4-5; of 5) [2012-01-12] - YouTube