Ps991 had posted demo 0.8 while I was on vacation and I was going to post a link to the blog here, but the blog is down now, so here is a direct link. Wait until the blog is back up to get the full list of features and explanation of everything.
DL link for demo
http://www.mediafire.com/?xmmz4i3tjzn
EDIT
QUOTEAttacks: The you can now attack. The attacks available include:
-A Combo (A, AA, AAA)
-Side Tilt, Up Tilt, Down Tilt
-B, Up B, Side B, Down B
-Neutral Air, Up Air, Down Air, Forward Air, Back Air
Shielding: If you hold R or L, you can block incoming attacks. There is no rolling, spot dodging or air dodging yet, but there will be in future demos. Also, the shields do not ware out over time yet, but this will be added later as well.
3 cpus: On the character select screen, you can drag the tokens onto the character icon to select the cpus’ character. The renders on the top screen will tell you when the cpu’s character is selected.
Simple AI: The cpus can follow and attack you. If you are really far away from them, they run after you. If you are standing on a platform above them, they will jump to reach you. Also, not only can the cpus target the player, but they can target each other as well. The cpus attack somewhat randomly, but they are only running on primitive AI, so it should be expected. The cpus are smart enough to shield against attacks only if one is attacking, though.
Damage %: The more you attack an enemy, the more damage he takes. Once you reach a high percentage, you are more likely to die, so look out.
Knockback: If you hit an enemy with an attack, the enemy will go flying. The distance flown varies based on his damage % and how strong the attack is. Also, there is friction on the ground to make sliding knockback decrease to 0 faster. No every attack has high knockback, though.
Hit Effects: When you hit the enemy or when he hits you, a hit effect appears to let you know that someone has been hit. The effects add more depth to the hitting.
Stage Builder: Thanks to the extremely dedicated coder Ps991, demo 0.8 has a functioning stage builder! You can select it in the “Vault” to make and save stages. Unfortunately, Ps991 could not get the loading of the stages working yet, but we will release an update later on that allows you to play on the stages that you have made.