I'm finally all caught up!
Fray looks quite good and compares nicely to the PCE version with which I'm familiar. The town music sounds close to the PCE's, and that's one of favorite parts of the whole game, but the platform jumping is also similar, and that's just fricking terrible; it's caused soooo many rage quits from me, particularly at the falling logs. Also, it unfortunately looks like the msx missed out on a strip show from the S&M whip boss...
Scheme looks.... um, interesting? The basic gameplay and design look good, but it also looks unneccesarily difficult, with vague objectives, shoddy controls, and questionable hit detection. With some polish, though, I bet it'd be pretty darn great, especially if the obvious "borrowing" from other games was turned into more original designs.