Good, but...
Having the hero die and just come back doesn't leave room for much suspense. The point of bandaging him up over and over gave the impression he was perservering, but now it just seems silly. Maybe he could've been reanimated in a different form (like the clown)? Still an awesome animation.
I suggest you make another, more kick ass, madness interactive. The style of Madness definitely lends itself to a videogame. The first one was awesome and I would play another one endlessly.