That is exactly what I thought when I played it.
Admittedly, I only read the first few paragraphs, but I have to say that I agree with every word. It was way too simple compared to other fighting games that were around at the time and it was obviously designed as pure fan-service to milk the pocket money out of naive kids.
"nothing more than a blatant suck on the wallets of the fans of the fluff of the fat-heads"
So very, very true. I applaud his integrity.