For me at least, the reason the panther move is so boring is the nagging feeling that it doesn't even begin to do justice to this game's movelist.
Having said that, I do love this game, and any Golden Axe 3 is good Golden Axe 3 as far as I am concerned. I'd like to see a GA3 TAS on the site someday, but I'm not sure if this is the correct form. I'm not as familiar with this game as I am with the first two, but since the panther special does such great damage are there not weaker attacks that would still quickly kill the earlier enemies? It'd be nice just to mix it up a bit.
I'm resisting a biased yes vote and am voting meh. As mklip2001 stated, this does remind me of the Streets of Rage TAS I made with Mitjitsu, although I think that the main difference is that we were able to use team specials without having to wait too long for enemies to get into position etc. and the specials here really break any tempo that the author manages to get going.