Outlaws of the Lost Dynasty looks pretty good considering the time frame. The art style is an appropriate mix of King of Fighters meets Samurai Showdown. There is a bit of cheating with the visuals, as you will notice at least three characters are color palette swaps, as well as plenty of animations being recycled, but that is to be expected from a game conceived in the height of the Street Fighter rip-off days of gaming history. Literally EVERY fighting game from 1992-1995 was trying to capitalize on the success of Street Fighter II and Outlaws of the Lost Dynasty definitely falls into that camp.
Once again, for a game that is over a decade old, the sound design isn't that bad. It sounds a bit muffled at times and the background stage music is catchy enough to stick with you for a while after playing. I should comment on the crude voice acting, but since every aspect of Outlaws of the Lost Dynasty is in Japanese, both written and spoken, I really don't have a gauge for the talent that is used. I'm going to go out on a limb and say the voice work is decent, but I never noticed any disruptive lines of dialogue that would seem odd. That's one of the faults of not being a native Japanese-speaker.