TL;DR: If you're looking for a mildly entertaining fighter game with heavy ecchi themes and some pantsu shots to boot, this is your 2-4 hour fix.
First some tips:
1) Don't download the Hilda DLC, you get it with the Lilith DLC.
2) Also this game is hard to play on the keyboard. A controller is really the only way to play effectively.
And the review:
As I said in the TL;DR version, this is a fighting game with a horrible story, some cheap boss moves, a few interesting fight/game mechanics and a tokyo sized dump of pantsu anime waifu ecchi fanservice oppai cleavage showing spectacular. That's pretty much it. There's no online play only local vs mode and an arcade mode that is really linear and with no options to change anything or view anything. Also there's no pause menu, but you can pause and view what the controls are.
Let's see, there's around 10 characters: a loli with a pedo bear, I mean teddy bear, that grapples, a school girl, a sports girl, etc etc etc, and a Tenchi Muyo Ryoko-esq girl with big guns and pistols. wait big oppai and pistols.. oh and she's not wearing any pantsu... So there's that. Also there's a set of 5 sub characters that support your fighter as you fight, which is that interesting game mechanic I mentioned. The artwork is pretty good and the backgrounds are interesting and vary in style from one to the next, so it's nice not playing cookie cutter levels every single level, but this is a 2d fighting game so it's not like you can really enjoy the game's scenery when you're button mashing hard with only one hand on the controller. FYI you can play with two hands, but only if you're a member of /r/nofap.
Seriously though, This game is probably worth 5 bucks if this is your sort of thing and 2-4 hours of gameplay is justifiable to you, otherwise get it on sale, as I've seen it go on sale frequently. And again don't buy the Hilda Rize DLC cause you get that for free in the Lilith DLC, along with 2 more stages and some better songs. Imo the Lillith DLC is barely worth it at 50% off when I got it, but it literally adds almost nothing to the game (except Hilda) so it's purely cosmetic. They could easily add another stage or a campaign mode with a map or something, but as this was an already released game long ago and this is a newer updated version with exxxtra pantsu I will continue to support it. Actually if they made a CP2 wait I mean VP2 then I'd support them as long as they don't cut as many corners as they did here.