High hopes, eh?
Quite frankly, I know what you're trying to do, and I'm all for it. I'm sayin', it's easy to watch, and I'm not even going to say anything about the voices, but what REALLY got me was the subtitles.
I'm thinking that Kratos, Kratus, and Kratoss are the same people, right? Also, punctuation makes a big difference, and what were Oden? Those big mushroom fella's?
Anyway, the flash seems to have a firm foundation. The music was nifty, and I know how it is with low-budget animation, so, I guess my advice is to spend slightly more time on everything: animation's smoothness, the effects (and trying to display them--I had no idea why people were turning into balls for), and maybe invest in a graphics tablet if you don't have one.
Keep it up, though. It looks like a very promising series.