This is the most obvious & blatent example of a lazy, cash-in port of a current-gen game I have ever seen.
The core game here is still pretty good. If you liked it before, you will like it again. Visual Concepts knows how to make a baseketball game. Of course, you can't shake the feeling that this is NBA 2K6's little brother. The reason for that is that it plays exactly the same way except you have college rosters. The dynasty mode is great and the gameplay on the court is also solid. There is nothing here, however, to justify the higher price tag.
The player models look slightly better. Other than that, the game looks like crap. The crowd is embarrassing. I played with Duke in my first game and at halftime the cheerleaders came out to.....well, cheer. The scary thing was that all of them were the same exact character model!! What the?!!
The commentary is also average, at best. I love Verne Lundquist in real life, but like in most videogame announcers, he is turned into a repetitive annoyance. Everything about this game screams that they just slapped a Xbox 360 label on the Xbox version and shipped it out the door to make $$$. The game even came out very late when it was originally released.
Unless you are looking for some extremely easy achievement points, there is no reason to own this game. This game is a perfect example of what plagues first-generation releases.