Pretty bad at best
EA went the path that I feared, and sacrificed gameplay for graphics. The controls are overly obfuscated and complicated, as apposed to fun games such as ready to rumble for Dreamcast.
The graphics are amazing for the fighters, but outside of the fighters the graphics on the other console are far better. The 360 makes much better use of HDR and it's crowds are far more realistic.
The music in this game is HORRID. I honestly wish that I could give it less than a 1. The music consists of 5 songs, each one of them horrible generic rap. The announcers say the same 3-5 things about your fighter over and over.
Very few fighters and arenas. New view is the only improvement IMHO.