That Japanese show appears to drain everything unique and charming about the Powerpuff Girls and replace it with a very generic and Anime feel sorely lacking in substance. There are enough shows like that out there. It just seems like they stamped the name on something entirely different.
The funny thing is, if you check out something called
TMNT Chojin Legend They actually do a bit of both. And somehow, I think it satires anime a lot better, albeit more subtle (right down to mocking DBZ's Super Sayans and Fusion modes... at least, I think they're trying to make fun of it). They even have the same basic character designs... only April looks slightly different... and Shredder is completely redrawn in both parts.... sometimes you can find the whole thing subtitled on Youtube. It ain't half that bad, actually. Stupid, but not all that bad.
Of course, for a more biting satire of anime, I suggest checking out Bobobo-bo Bo-bobo. A story that takes mindless detours into a Family Guy/ Space Ghost Coast to Coast spiral of non-sequitor madness.
This Clip does a shocking job of satirizing Magic Girl theme songs, and then turning it into a bit of devine weirdness, as singing somehow controls the story line.
But either PPGZ's humor is too inside Japanese, or too subtle, since I have yet to see anything really satirical, instead of clearly embodying it...
Though, I wonder what would have happened if they made a PPG anime more like
Tensai Bakabon, a series that seems to be a almost a Japanese precursor to the Simpsons, with a funky, goofy style you just don't see in mainstream stuff the US gets.