You win! *sound of 14,700 points*
Or whatever the hell it was for winning while taking a single pixel of damage. I know it was less than half of a perfect's value (30, 50 or 80K), but it suits this movie.
Basically, what we have here is a glorified 1-round SF movie.
However, instead of sprites, you went and apparently traced over them for your graphics. This gives it a bit of its own style, but style isn't everything.
Basically, Jane's bitching Guile out about various things, and brings in P2 as the 'other man'.
I noticed a few things during the fight you might wanna address:
P2 Guile had P1's lifebar name. Since the colors on both Guile P2 and in the background suggest being based on Champion Edition, the name colors need swapped (pressing Start ALWAYS gave the silver-colored name). Or, you could base it on Hyper Fighting and make the 'alternate' Guile blue (and since those were the defaults, the names would be right).
What happened to Guile's really, err, 'inventive' block pose? You know the one... leaned WAY back with his arms over his head.
If the time was infinite, why not say so? And why not let the spoils go to the victor (bonus tally)?
However, for a first submission, you seme to have done your research well. I also liked how easy to understand the voices were.
If you keep at it, you can only get better. Just remember, the simple actions such as standing and walking are just as important as the punches and kicks used.
I will be eagerly awaiting an update to this or your next parody, whichever comes first.