No, It's not some DBZ/PPG parody. Check it out:
Ok, while looking up stuff about the powerpuff girls, my mom (who is a fan of the show) stumbled across a very interesting wikipedia article, among other things, concerning the show. However, the page was not dedicated to the original show that probably comes to mind when you hear some one say "Powerpuff Girls". It was all about an anime-style spin-off of the series with a plot featuring a more complicated message and with this new version of the show the art's style has been changed to anime style and the plot seems a bit more intricate. And it's not chemical X, anymore, it's chemical Z, hence the "Powerpuff Girls Z".
Here's a link to the article for more info:
I think it's kinda cool but I liked the show's original stylization. It said in the article that it would eventually be translated but watching the Powerpuff Girls as anime characters will take some getting used to.
What do you think?