As goofy as it might seem, I've watched this show myself, too... the driving force behind this was that papa-fishie used to like boxing, something I myself never really grasped. So, to get a hint of insight, I thought I might give it a shot.
It actually wasn't bad, and I'm not a boxing person. Still am not, but I can at least understand it better.
I haven't verified how this story is supposed to go, though. Is it picking up where the first series left off, or is it restarting from ground zero? I think I heard that it was the latter, though I'm not 100% sure.
"In the beginning there was darkness and void. And then
The Encoder said 'BlankClip(color=$FFFFFF)' and there was
light. The Encoder looked upon the light and saw that it
was good, for it was RGB32."
(although there has been some debate over the Encoder's
choice of container, since Life doesn't support any form
of rewinding.)
--The Darkhold Accord