Now THIS is more like it! Fatal Fury 2: The New Battle is arguably the best video game/anime adaptation I've ever seen, at least of the fighting game perspective. What makes this one better than most fighting game offerings is that unlike Tekken and FF: Motion Picture, this stays very true to it's source. Wolfgang Krauser is bored, hears of Terry and various other strong opponents and holds a tournament. A few things are tweaked in this OVA for the sake of creating a plot, such as the introduction of the Tony character. Inserting Tony is far more forgivable than saddling Terry with Lilyin Legend of the Hungry Wolf, and while he's a bit annoying, he's a more useful addition that serves as a driving point to get Terry back on his feet after badly losing his first battle with Krauser. So it's kind of like Rocky in that regard, which is cool. This shows a more realistic vulnerable side of Terry that fans of the franchise can identify with.
The characters are better utilized as well. Andy is a more well-rounded character, and watching him interact with Mai Shiranui is always a treat. Joe Higashi has played three different roles in the Fatal Fury anime trilogy, but didn't get as much time to shine in this one in terms of debuting his moves from the video game. And unlike the first OVA, where fighters from the actual roster make cameos without dialouge (Like Hwa Hai and Michael Max getting their asses kicked. Who would know who these guys were if you're watching this and haven't played the game?), warriors are introduced and partake in a fight, like Kim Kaphwan, Jubei Yamada, and to a lesser, yet comedic extent, Lawerence Blood and Axel Hawk. These characters worked great in their roles and you feel a bit rewarded in the end. Krauser himself is fantastic in his dual-sided personality. He's a seemingly gentle aristocrat one moment, but won't hesitate to kill his opponent. There's some weird backstory altering to connect him to Geese, but it can be forgiven. I even liked Hopper and Ripper, Geese's black-suited thugs from the first OVA, making cameos.
Also much improved is the action. The fights are pretty darn cool, making great use of special attacks from the game like Andy's Hak Don, and one of my personal favorites, the Power Geyser, and don't feel to forced. Even Tony's little scrap against the Fatal Fury cos-players in the beginning is entertaining.
[IN CLOSING] This is the best it gets when it comes to making a competent anime about a fighting game and is one of my favortie anime ever. It's got a simple, yet plausible story to follow, the action is solid, and the cast is used respectively. It's not perfect, but I can overlook it's minor errors. Also, if you own or can find the English dubbed version, you gotta hear these four goons attempting to mug Terry. This is impressively bad English voice acting at it's best and it's too bad VIZ stopped going to the Ocean Group veterans as often as they used to.

STORY: 7
ART: 8
SOUND: 7
CHARACTER: 8
OVERALL: 8

PROS: Great action, near perfect game adaptation
CONS: What plan was Geese talking about?