This is my first attempt at an animated sig, C&C welcome I think it turned out ok Also added another animation (the 2nd one)
Imo, the backgrounds don't really fit with the sprite style very well (especially with the animation). I'd try and find a nice background from the games, and start with that. Otherwise the animation is pretty smooth, although I think that could be improved with some newer generation (see SF III) sprites and animations. Check out http://www.newwavemugen.com/~zweifuss/ for some great sprites to start you off ^_^