Updated it a bit (Download on the main post), mainly damage calculations, changed physic simulation steps from 10 to 1 and added smooth camera.
Some tips:
-When blocking it can help to move backwards, blocking only works when weapons are clashing to each others.
-When you block successfully you can hit back after that.
-You can try dodge by crouching.
-Wear Ring of the Gods if getting beaten too much <img src="smileys/smiley14.gif" border="0" align="middle" /> or increase your stats.
Wanted to make it a bit more skill based and not just button smashing (well maybe there still is enough of that). Still designin what type of special skill system I will make. Should be different enough for those four planned character classes.
Still would be nice to know if this is complete farce or not. Still not final but perhaps near that.