I liked the concept, and I also like pop songs. x3
Thought the video worked well since the girls in the song are love rivals. Also liked the beatsync evident in certain parts (like when the girls cut their hair)
To offer some critique, if you're interested in getting the raws (i.e. footage without subtitles) you when you purchase the DVD's legally.
Also, I thought it would have been nice to have seen some shots of Sasuke, since he was the guy they were fighting over. Or could have put that scene where Naruto (disguised as Sasuke) leans in to kiss Sakura when it was Ino's turn in the song to be outraged.
Also, since it's WMV, I'm not sure how you could have compressed it further, but 54megs seems a bit high. Didn't look crappy, though. Maybe you'd like to see the guide here (it talks about compressing to WMV
http://www.animemusicvideos.org/guides/avtech/
But enjoyed it! ^^