You can play it, as long as you know the game sucks
Inferior to the Smackdown series and the present-day games, it still had some appeal. The different arenas and regions gave it a bit of flavor and as always, the create a wrestler excited me a lot. The gameplay however, kills you in just a few seconds. It's stiff and repetitive. You really wouldn't want to play it when the SD games are so much more fluid.
There's seriously not too much more to say. If you're curious, maybe rent it with the intention of ejecting it from the console in under 30 minutes, otherwise you'll be pissed at having wasted money on it.