Amazing fighting game. Total Punch Control is "teh awsum."
The graphics are, admittidly, better on the XBox, but the PS2 version still holds up. The game has an awsome career mode in which you create a fighter, choose his stats, and start fighting other boxers and train your boxer stronger. The downside is when your boxer gets older, his career is pretty much older which is not good for people who are into stat maxing.
Overall FNR2 is an amazing boxing game, and i'd even recomend it over FNR3. Yup. 2 is better.