Dragon Fist 3 by Ben Olding. I can’t say much more then what Ben said, in his author comments on NG:

“32 playable characters (42 in total), 14 weapons, 14 kungfu fighting styles, character editor, 1 vs 2 fights, 2 player fights, 4 single player modes”

Actually, I will say more. MUST PLAY GOGOGOGOGO! Where to start? Graphic wise, pretty damn good, for the amount of different characters involved and all the different moves with each character. Sound and sound effects are well placed and not annoying.

Controls are easy to learn but the AI will give you a good fight for victory. All the different modes will definitely keep you playing this one for awhile. Overall, a must play and a great upgrade to the series.
[ Play Dragon Fist 3 ]