Haven't actually tried it before as by the first looks of it I've been instantly thinking of Guilty Gear, and was actually right as you mentioned the same studio worked on this game too. However as I can see it is in a sense quite different from GG and in a really delightful way. So I will surely give it a go and thanks for sharing!
I've actually been doing some "historical" gaming posts lately, covering noteworthy games released in certain years (just made two about 98 and 2000) and from what I was able t see while doing the series of posts is that there aren't really too much "stylish" fighting games like GG and the one you opened for me above.