Not bad...
The artwork is a little rough around the edges. Your backgrounds, however, are pretty well done (with the focus blur and all), but could stand a bit more detail.
The voice acting was a little off, and some of the sound editing was pretty clumsy. The music cutting out when the bag(?) falls on the floor, and the "echo" in the graveyard both really bugged me. THe music choice was decent, but I'd recommend staying away from more popular, recognizeable music when scoring your stuff. People just hear a song and go "Oh, that's from (some movie)" and it distracts them from YOUR movie.
The plot was a little confusing. It was kind of hard to get behind the knight's quest when, well, you don't know what the hell it is. All we know is "he" changed "someone" into a fairy and "nameless knight" is going to save... something. As it is, it's just a series of meaningless fight sequences. Cool to watch, hard to care about.
Overall, it's not bad, but definitely not worthy of #1 of all time. Sure as hell isn't better than the Xombie series or Bitey of Brackenwood. Eh, whatever... there's no accounting for taste. Time and again I've seen people vote 5 for crappy stick figure movies, so I guess I'm not really surprised.