I remember this "Game Maker" type of program for Windows a while back called "Fighter Maker 95" or something. It was similar to RPG Maker and others like that. You could draw your sprite frames for all your characters put them into these character objects and you'd create moves, set which frames were used in sequence and set the attack and blocking regions of each frame. It was pretty cool. I wouldn't mind playing with something like this.

Got anything running yet? Video?