I think the only thing the combat system needs is better animations (maybe motion capture?), and more of them. They also need to make the combat system "run" a little smoother, I'm sick of being somewhere 20 feet away from my opponent and taking damage from their latest attack.
"No, Mama. You can bet your sweet ass and half a titty whoever put that hit on you already got the cops in their back pocket." ~Black Dynamite