haha well , its good to bring up old threads every now and again.
Animation on MOTW is not quite as good as Third Strike, but it's very very good. The only disappointment for me was the small size of the characters, but this is probably because of the huge number of animation frames - if they were bigger they would take up a lot more space. i dont want them AOF-big but just a bit larger would have been good. Really nice backgrounds too and great music!
I played the Dreamcast version before i had the Neo Geo one, and i wasnt very impressed - it seemed to be inside a window on the main screen from what i can remember. Also Neo Geo graphics on Dreamcast didnt seem very impressive at the time. I just like playing on Neo Geo better i guess.
I also have the XBLA version, which you can play online but there's never anyone to play against. I think the XBLA version is a very good conversion but i havent compared them directly. MOTW used to my favourite fighting game on Neo Geo but i prefer Breakers Revenge now. I am a little ashamed to say that because its clearly a Capcom-style fighter. Closest thing to Streetfighter you will get on Neo Geo though.