No, because the multiplayer is not that exciting at all.
The only exciting thing about Toribash is the satisfaction of making an awesome replay.
Toribash doesn't really work online, it's just great in Singleplayer.

Even if you were watching someone making a replay, it would be boring, Except if it was WarHero.

You've obviously never seen a good match on MP then. Keeping an eye on the characters, and trying to figure out what they're doing/how effective it is really makes the match more interesting, and it also improves your own technique.