A few years away from something great.
Graphics (7/10) - For me, graphics dont matter as much as the gameplay, so I'm not an expert in this category. However, they are good by my standards. Also, the dribbling moves in this game look extremely realistic. The cutscenes in The Life look a little dated graphically, and it seems that they didnt put any work into matching the lip movements with the words being said.
Sound (7/10) - One of the first thing you'll notice about NBA 06: The Life is that there is no in game announcing. Depending on your view on commentary in games, this is either great or terrible. During games however, you hear players communicating with each other. Aside from the lack of announcing, and a very limited (6 songs I believe) soundtrack, the sound is fairly well done.
Value (7/10) - For $30, this game is a nice steal. Even though there isnt much replay value in The Life mode and there isnt a dynasty mode, you get a good game for a small price.