It's good but......
The good: The graphics are great. Animation is good. Interaction is great. The many items you can get and stuff are good.
The bad: Like other people said before, the game lags a lot when you enter battle. Also, it's probably just me, but the battle system just didn't do it for me. For one thing, in many of the battles I got in to, the enemy kept dodgeing, which I found annoying. Another thing was there was even some lag for me during the fighting (and my computer is fairly fast). So, the lag made the battles rather slow for me.
Overall: Great effort, and good job. As a fellow flash RPG maker, I know how long these take to make. Well, keep making them, you'll only get better.